New Delhi: Tata Group has planned to invest over a trillion rupees for the next three to five years.
Bombay House is thinking big. The $22 billion Tata Group now intends to invest over $26 billion in the next few years. That's Rs 1,20,000 crore, just in India.
"In the next three to five years, the house would probably invest in the vicinity of Rs 1,20,000 crores in India in a variety of sectors and businesses including VSNL and steel, auto, power and chemicals," said Tata Industries MD Kishore Chaukar.
The group has already lined up projects worth over Rs 1 lakh crore. For instance, Tata Steel has planned to invest Rs 67,000 crore in three new steel plants, Tata Motors has chalked out a Rs 10,000 crore expansion plan, Tata Power will pump in Rs 18,000 crore to add 4500 MW capacity, Tata Consultancy plans to add Rs 1300 crore and Tata Tea, another Rs 3000 crore.
On Thursday, Tata Group's communication company VSNL announced an investment of Rs 2700 crore in two new undersea cables to Europe and Asia to help boost the enterprise data business.
Internationally, Tata is present in 40 countries and acquired 18 businesses worldwide in the past six years. That's a bill of Rs 13,200 crore.
"We have invested quite substantially internationally as well. The focus of the house will be to some extent wider than what it has been in the past," said Kishore Chaukar.
Meanwhile, Tata Steel is raising $750 million equivalent seven-year loan, which will go towards its capital expenditure program. Koushik Chatterjee, the company's CFO says that part of the cash will be used for its overseas acquisitions.
"This fund raising is not only for this year's capex but as a long term capital expenditure programme that has often been announced. This is in line as part of an overall funding programme rather than for any specific requirement," said Koushik Chatterjee, CFO, Tata Steel.
Apart from key sectors like auto, steel, technology, telecom, hospitality and power, the group is also looking at investing in emerging businesses like alternative medicine, other energy projects and utilities, both home and abroad.
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