Tata Chemicals to invest Rs 150 cr in Chennai plant

Tata Chemicals will invest Rs 150 crore in its greenfield prebiotic plant at Sriperumbudur, Chennai.

"We wish to inform you that phase one of the plant is to set up 1000 tonnes per annum (TPA) prebiotic plant in Sriperumbudur near Chennai. Out of this, 300 TPA Fructo-oligosacchride (FOS) plant has gone on stream already," Tata Chemicals said in a stock exchange filing.

"The expected investment at the scale of 1000 TPA is about Rs 50 crore. The plan is to expand this unit to 5,000 TPA over a period of three to five years with a further investment of around Rs 100 crore," the company said.

In the second quarter ended on September 30, Tata Chemicals had posted 91 per cent jump in its consolidated net profit at Rs 257.01 crore.

Tata Chemicals is the world's leading soda ash producer with manufacturing facilities in Asia, Europe, Africa and North America.

Besides chemicals the company is also one of the major fertiliser producers in the country. It also deals in consumer goods like salt and pulses.

PTI

Updated Date: Dec 12, 2014 20:29:51 IST