Tata Chemicals’ board has approved investment of Rs 910 crore for expansion of manufacturing capacities of its plants located at Mithapur in Gujarat and Cuddalore in Tamil Nadu. The company has received approval to invest Rs 135 crore towards expansion of dense soda ash manufacturing capacity at its plant located at Mithapur, Gujarat. The company will add a 350 kilo tonnes per annum capacity of dense soda ash. The capacity is expected to be added over the next 24 months. The objective behind the capacity addition is to meet growing demand driven by sustainability applications. The company has an existing capacity of 1,091 kilo tonnes per annum operating at utilization rate of 90%.
Further, the board has approved investment of Rs 775 crore towards expansion of precipitated silica manufacturing capacity at its plant located at Cuddalore, Tamil Nadu. The company will add a 50 kilo tonnes per annum precipitated silica manufacturing capacity. The capacity is expected to be added over the next 27 months. The objective behind the capacity addition is to meet growing demand of specialty silica in rubber and automotive tyre industry. The company has an existing capacity of 13.8 kilo tonnes per annum operating at utilization rate of 86%.
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 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.
| Company Name | CMP |
|---|---|
| BASF India | 4035.90 |
| Tata Chemicals | 782.10 |
| SRF | 2780.75 |
| Pidilite Inds. | 1476.15 |
| Deepak Nitrite | 1875.25 |
| View more.. | |
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