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Tata Chemicals to invest Rs100 cr to raise salt plant capacity

Tata Chemicals to invest Rs100 cr to raise salt plant capacity
PTI
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First Published: Mon, Mar 22 2010. 05 02 PM IST
Updated: Mon, Mar 22 2010. 05 02 PM IST
Bangalore: Tata Chemicals on Monday said it will invest Rs100 crore in the next two years to ramp up the capacity of its salt manufacturing plant in Mithapur, Gujarat, to eight million tonnes from the present 5.5 million tonnes.
“We will pumping in Rs100 crore in the next two years to increase the annual capacity of our Mithapur plant to eight million tonnes,” Tata Chemicals chief financial officer P K Ghose said on the sidelines of launch of its nanotech water purifier ‘Tata Swach’ Bangalore.
“At the moment, we produce salt worth Rs500 crore at the plant, we want to take it to Rs700-800 crore in the next two years,” he said.
The consumer products business of the firm, which only caters to the domestic market, is also trying to build a global business in bi-carbonate (used mainly in animal feeds), Ghosh said, adding the company has already invested £9 million in the UK for this business.
To a question, Tata Chemicals COO, consumer products, Ashvini Hiran said, “Besides salt in which we have three well-known brands and water, we will also be looking at staple foods in the near future. However, it is too early to say anything on this.”
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First Published: Mon, Mar 22 2010. 05 02 PM IST