Tata Group to invest Rs 1.2 lakh cr in 5 yrs

NEW DELHI: Diversified business house Tata Group will invest up to Rs 1.2 lakh crore across sectors in the domestic market in the next five years as it looks to more than double its revenues to $150 billion (about Rs 6.64 lakh crore) by then.

The Tata Group, which has over 90 operating companies, will put in half of the planned investment in power sector, while the other significant portions will be in steel and automobile sectors.

“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... The current investment assessment for the next five years is around . 1.1 lakh crore to Rs 1.2 lakh crore,” said Tata Industries MD Kishor A Chaukar.

Tata Industries is one of the investment arms of Tata Group. This investment has been planned essentially for the Indian market and it will be pumped in across various sectors like power, steel, automobiles, telecommunications and chemicals, he said.