Tata Chemicals inks Business Transfer Agreement with ASL

09 Apr 2018

Tata Chemicals has signed a Business Transfer Agreement (BTA) with Allied Silica (ASL) to acquire their business of precipitated silica including its plant at SIPCOT Industrial Park Phase II, Cuddalore in state of Tamil Nadu on a slump sale basis.

This acquisition is a part of the Rs 295 crore investment approved by the board of Tata Chemicals in February 2017, for entry into the Highly Dispersible Silica (HDS) business.

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.

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