Tata Chemicals has signed a business transfer agreement with Unnati lnorganics (UIPL) to acquire their undertaking of precipitated silica operation, on a slump sale basis, for a consideration of Rs 34.20 crore.
This includes an existing manufacturing site at Dahej, Gujarat, which will produce Highly Dispersible Silica (‘HDS’) after capability augmentation. This acquisition is another step in TCL’s journey to build technologically enabled, differentiated businesses, with greater customer centricity, by leveraging its core strengths.
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.
