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Tata Chemicals gains as its arm commissions 5.5 million pound turbine in Northwich

22 Sep 2016 Evaluate

Tata Chemicals is currently trading at Rs. 549.65, up by 6.30 points or 1.16% from its previous closing of Rs. 543.35 on the BSE.

The scrip opened at Rs. 548.00 and has touched a high and low of Rs. 552.75 and Rs. 545.25 respectively. So far 27,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 574.80 on 08-Sep-2016 and a 52 week low of Rs. 310.05 on 26-Feb-2016.

Last one week high and low of the scrip stood at Rs. 562.00 and Rs. 542.45 respectively. The current market cap of the company is Rs. 14,002.00 crore.

The promoters holding in the company stood at 30.94%, while Institutions and Non-Institutions held 47.94% and 21.12% respectively.

Tata Chemicals Europe, a UK-based subsidiary of Tata Chemicals, has commissioned a new 5.5 million pound turbine at its Winnington CHP plant in Northwich, Cheshire, allowing the facility to provide energy for 200,000 households - an area the size of Liverpool. The project - backed by a 2.5 million pound European Regional Growth Fund grant from the UK government - has taken two years to complete. It will help provide energy for Tata Chemicals Europe’s sites across Cheshire, local businesses in the area and also for the National Grid. The steam used to generate electricity is a by-product of industrial procedures at the Tata Chemical plant, thus effectively recapturing spent energy and reducing overall energy demands.

Generating this electricity means that this volume of electricity doesn’t have to be generated elsewhere on the grid-saving 71,000 tonnes of CO2 in the UK, and goes a long way in helping the government meet decarbonisation requirements of a 75-percent-reduction by 2030. The government is seeking to achieve nearly 60 percent reductions in carbon emissions by 2030, and such initiatives play a crucial role in achieving reduction in carbon emissions. Additionally, the project will improve Tata Chemicals’ combined heat and power quality assurance (CHPQA) and the plant’s overall efficiency scores will also see a rise.

Tata Chemicals is the second-largest producer of soda ash in the world with manufacturing facilities in India, UK, Kenya and USA. It is India’s leading crop nutrients player and a leading player in crop protection business through its subsidiary Rallis India.


Tata Chemicals Share Price

709.05 2.10 (0.30%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3703.10
Tata Chemicals 709.05
SRF 2493.65
Pidilite Inds. 1393.25
Deepak Nitrite 1538.00
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