Others

Other Deals

Tata Electronics receives Rs.1,500-Cr investment from Tata Sons

Economic Times  

Mumbai-based Tata Electronics has received INR 1,500 crore from Tata Sons, its group holding company. This latest equity infusion, which occurred in October, brings the total capital infused by Tata Sons into Tata Electronics to INR 4,500 crore over the past year. Tata Electronics secured this funding at INR 62 per share.The new capital is intended to fund capacity expansion for electronics manufacturing and significant semiconductor projects. The company plans to build a semiconductor fabrication facility in Gujarat and a chip assembly and testing unit in Assam, representing an investment of approximately USD 14 Billion in semiconductors. The Tata Group has also signed a memorandum of understanding with Intel to explore manufacturing and packaging of Intel products.Tata Electronics manufactures iPhones on contract for Apple in India, exporting most of its production to the USA and Europe.For FY25, the firm reported a consolidated operating income of INR 66,206 crore, a substantial increase from INR 3,752 crore in FY24. Its net loss narrowed to INR 69 crore in FY25, compared to INR 825 crore in the preceding fiscal year.