Tata defence cluster rejig likely by June; all biz to come under one roof
Tata Advanced Systems, Tata Advanced Materials, and some businesses of Tata Power Company and Tata Motors are part of the group's defence portfolio
Last Updated at January 30, 2018 17:07 IST
The Tata group will soon start the process of hiving off all the defence-related businesses housed in various operating companies into a vertical under Tata Sons and conclude the process by June 2018, said sources aware of the plans.
These businesses will come under the newly created defence and infrastructure cluster, a key part of Tata Sons Chairman N Chandrasekaran’s strategy of creating clusters to build a leaner organisation, which will focus on defence opportunities. Tata Advanced Systems, Tata Advanced Materials, and some businesses of Tata Power Company and
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First Published: Tue, January 30 2018. 17:03 IST