Tata Chemicals is reportedly planning to invest Rs 1700 crore in the two years to March 2016, which will be use to develop consumer-focused offerings. The company is planning to add 5 to 10 products to its consumer portfolio which include Swach water purifiers, Flavoritz flavoured salt and i-Shakti lentils.
Further, the company will also use this money for maintenance as well as for investment in Indian chemical business and in capital-light business like salt expansion project and branded consumer products. Meanwhile, the company is also planning to reduce debt by around 50% in the next five years.
Tata Chemicals is an Indian global company with interests in chemicals, crop nutrition and consumer products. The company is one of the largest chemical companies in India with significant operations in India and Africa.
