Market Chatter: Tata Group Eyes INR100 Billion Shipbuilding Investment in Kerala

MT Newswires Live

07/15

The Tata Group is looking to make a 100 billion rupee investment in shipbuilding in Kerala, Bloomberg reported Wednesday citing V.D. Satheesan, chief minister of the state.

The company's request for government approval for the investment is under review and go-ahead is expected to be granted within a month, Satheesan said during an interview.

The state government is expected to provide the land for the project, Bloomberg said, citing the chief minister.

The Tata Group did not immediately respond to MT Newswires' request for a comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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