Tata Chemicals To Invest Rs 910 Crore For Capacity Expansion At Mithapur, Cuddalore Plants

Advertisement
Read Time: 1 min
This includes an investment of Rs 775 crore to expand precipitated silica manufacturing capacity at Tata Chemicals' plant in Tamil Nadu's Cuddalore. (Photo source: Unsplash)
Quick Read
Summary is AI-generated, newsroom-reviewed
  • Tata Chemicals approved Rs 910 crore investment for plant expansions in Gujarat and Tamil Nadu
  • Rs 135 crore allocated to expand dense soda ash capacity at Mithapur plant
  • Rs 775 crore approved to increase precipitated silica capacity at Cuddalore plant
Did our AI summary help?
Let us know.

Tata Chemicals on Friday said its board has approved an investment of Rs 910 crore for expansions of manufacturing capacities of its plants at Mithapur in Gujarat and Cuddalore in Tamil Nadu.

The board of directors of the company have, in a meeting held on Friday, approved an investment of Rs 135 crore towards the expansion of dense soda ash manufacturing capacity at its plant located at Mithapur, Tata Chemicals said in a regulatory filing.

Advertisement

Further, the company stated that the board also approved an investment of Rs 775 crore to expand precipitated silica manufacturing capacity at its plant in Cuddalore, Tamil Nadu.

Shares of the company closed at Rs 809.95 on Friday, down 1.09 per cent on BSE.

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit.

Loading...