Tata Chemicals Limited plans capital expenditure of Rs.2400 crore

Tata Chemicals Limited plans capital expenditure of Rs.2400 crore

The board of Tata Chemicals Ltd. has approved a capital expenditure of Rs.2,400 crore which would be deployed towards debottlenecking of Mithapur facility.

The investment would enhance the company’s soda ash capacity by about 1,50,000 MT, salt production by 4,00,000 MT and upgrade turbines for higher efficiency. Tata Chemicals is considering entry into the lithium-ion battery sector to develop cell chemistries to meet Indian applications.

The firm recently entered into an MOU with CSIR – CECRI (Central Electrochemical Research Institute), Karaikudi to explore collaborative technology for scaling up of manufacturing cathode materials for lithium-ion cells.