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Tata Chemicals’ arm gets capital investment nod to build plant in UK

13 Nov 2024 Evaluate

Tata Chemicals’ wholly owned subsidiary -- Tata Chemicals Europe (TCEL) has received approval from Board of Directors for proposal of capital investment of pound 60 million (around Rs 655 crore) to build a 1,80,000 tons per annum pharmaceutical grade sodium bicarbonate plant in Northwich, United Kingdom. This new plant will triple TCEL’s production capacity of pharmaceutical grade sodium bicarbonate in UK.

Further, as part of the restructuring operations to facilitate this investment, the Board of TCEL has approved the proposal to cease chemical production at its loss-making Lostock plant by the end of January 2025, subject to completion of employee consultation as required under local law. The board of directors of TCEL at its meeting held on November 12, 2024 considered and approved the same.

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

706.95 -12.95 (-1.80%)
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