Tatas planning Rs120,000-cr expansion drive
18 Apr 2011
The Tata Group is looking at pumping in up to Rs1.2 lakh crore in the next five years in its various businesses, according to Tata Industries managing director Kishor A Chaukar.
"We have become a significant player globally in each of the sectors that we are present in. In the next five years, the pace of growth of the group will continue," Chaukar had said in a TV interview on Saturday.
The group has over 90 companies, among the major ones being Tata Steel, Tata Motors, Tata Consultancy Services, Tata Power, Tata Chemicals, Tata Global Beverages, Indian Hotels and Tata Communications.
Chaukar said the group is planning investments in sectors ranging from power to steel and automobiles. "Rs12,000 crore will be invested by Tata Motors and Rs8,000-Rs 10,000 crore will be in the telecommunications division," he added.
Chaukar said the Mumbai-based conglomerate has already invested about Rs70,000 crore in the last three years and the Rs1.2 lakh crore would be in addition to this.
The group has expanded to be worth $68 billion from about $8 billion 10 years ago and it will maintain this growth, he said.