Tata Sons‘ anticipated capital infusion into new business areas and group priorities – semiconductors, defence, electric vehicles, and Air India, for instance – is set to exceed $120 billion in the coming years, sources told ET. Initial assessments had pegged about $90 billion of capital deployment by 2027. The lion’s share of investments is earmarked for capital-intensive pursuits like semiconductors and Air India, marking the largest domestic investment commitment in conglomerate’s history.

“While much of the costs had been factored into the $90-billion outlay, both unplanned and ongoing investments will significantly increase the capital invested going forward,” an official aware of the investment arithmetic told ET. “Group companies have robust cash flows, allowing Tata Sons to strike a balance between traditional and tech-focused new ventures.”

Chairman N Chandrasekaran has routed investments into tech and consumer sectors as the country’s biggest conglomerate by market value, which recently surpassed Pakistan’s GDP in market capitalisation, seeks to drive growth in future-focused businesses.

https://m.economictimes.com/news/company/corporate-trends/tatas-investments-in-new-ventures-to-cross-90b/amp_articleshow/108082937.cms