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Tata Chemicals to invest in expansion plan

Wednesday, 22 Jan 2014
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Tata Chemicals is planning to invest Rs 1,700 crore over two years in its expansion plan.

 

A part of the investment funds will be utilised for developing consumer-focused offerings. The company intends to add five to 10 products to its consumer portfolio which has been expanded in recent years to include Swach water purifiers, Flavoritz flavoured salt, and i-Shakti lentils.

 

Apart from maintenance, the expansion plan includes investment in the Indian chemical business and in capital-light business like salt expansion project and branded consumer products

 

The company is also likely to expand a project in the US which is linked to its soda ash business. It owns a mine in the Green River Basin in Wyoming in the US, which contains reserves of trona ore, a form of sodium carbonate that can be converted into high quality soda ash. The expansion will entail an investment of Rs 600 crore and will increase production capacity by a fourth.

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