The Tata Group is India’s largest conglomerate. Tata Companies’ combined revenue in 2022-23 was $150 billion (INR 12 trillion). The group operates in over 100 countries across six continents. As of July 31, 2023, there are 29 publicly traded Tata firms with a total market value of $300 billion (INR 24 trillion).
Here are three Tata Group Companies with Capex plans up to Rs 12,000 cr
Tata Chemicals Ltd.
Tata Chemicals Ltd manufactures and exports basic chemistry and specialty products, such as soda ash, cement, salt, marine chemicals, and crushed refined soda.
On Friday, Tata Chemicals Ltd shares closed at Rs 1,084.70 a share, up 1.01 percent from the previous close price of Rs 1,086.15. The company has a market capitalization of Rs 27,661 crores.
Tata Chemicals has allocated Rs 8,000 crore for capex over the next three years, for the expansion of soda ash capacity by 1 million tonnes (MT), bringing its total global capacity to 5.3 MT , And the expansion of 380-kilo tonne of salt capacity plant in the UK and Mithapur in India would expand its capacity to 2.3 MT and that in India to 1.8 MT.
In addition, the firm is gradually increasing its specialty silica capacity to 50,000 KT to meet the growing demand from the tyre sector.
The company’s revenue has increased by 5.5 percent year on year, from Rs 3,995 crore in Q1FY23 to Rs 4,218 crore in Q1FY24. During the same period, Net profit decreased by 5 percent from Rs 608 crore to Rs 578 crore.
Tata Power Company Ltd
Tata Power Company Ltd is primarily engaged in power generation, transmission, and distribution. The company develops, constructs, and operates wind and solar power plants.
Tata Power shares closed at Rs 268.85 per share on Friday, up 1.95 percent from the previous close price of Rs 263.70. The company has a market capitalization of Rs 85,906 crores.
Tata Power has allocated Rs 12,000 crore in capex for the development of new projects in the Renewable and transmission & distribution(T&D) Business. In addition, the Company is focusing on renewable energy capacity and transitioning into a consumer-oriented firm. It now has a renewable portfolio of 7 GW, with 3.9 GW operating and 2.7 GW under implementation.
The company’s revenue has increased by 5 percent year on year, from Rs 14,495 crore in Q1FY23 to Rs 15,213 crore in Q1FY24. During the same period, Net profit jumped by 880 percent from Rs 80 crore to Rs 790 crore.
Trent Ltd
Trent Ltd runs retail chains in India, The company operates department shops, hypermarkets, supermarkets, and specialty stores under the brands Zudio, Westside, Samoh, Zara, and many more.
On Friday, Trent shares closed at Rs 2,086.55 a share, down 0.07 percent from the previous close price of Rs 2,087.75. The company has a market capitalization of Rs 74,174 crores.
The company added a net 133 stores under various formats In FY2023 (including 14 Westside stores and 119 Zudio stores) taking the total count to more than 550 stores.
In fiscal year 2023-24, the company plans to open 30 Westside and 200 new Zudio stores, With an estimated capital expenditure of Rs. 800 crore.
The company’s revenue has increased by 45 percent year on year, from Rs 1,803 crore in Q1FY23 to Rs 2,628 crore in Q1FY24. During the same period, Net profit jumped by 75 percent from Rs 80 crore to Rs 140 crore.
Written by Omkar Chitnis
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