TATA Chemicals Announces Capex Approval Of Rs 2400 Cr For Capacity Expansion At Mithapur Facilty
Tata Chemicals Limited's Board of Directors approved a capital expenditure of Rs 2400 Cr which would be deployed towards de-bottlenecking of Mithapur facility that could enhance Soda Ash capacity by about 150,000 MT, salt production by 400,000 MT and upgrade turbines for higher efficiencies and reduction in the carbon footprint to support the plant's sustainability road map.
In line with the Company’s strategy to grow their Specialty business, Tata Chemicals is considering entry into the Lithium-ion battery sector to develop cell chemistries to meet Indian applications. The Company 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.