Companies

Tata Chemicals plans ₹40-crore capacity expansion at Haldia plant

Ayan Pramanik Haldia (West Bengal) | Updated on March 12, 2018 Published on January 28, 2014

Tata Chemicals Ltd plans to invest ₹40 crore to double the single super phosphate (SSP) production capacity at its Haldia plant in West Bengal.

PK Ghose, Executive Director and CFO, told reporters recently that the company had decided to revive the investment plan after the Union Government lifted the restriction on industrial development activities in Haldia last September.

In 2010, the Ministry of Environment and Forests (MoEF) had imposed a moratorium on development of new units or expansion of existing units in the “critically polluted” Haldia.

The company is now working on capacity expansion of the unit with an estimated capital expenditure of ₹40 crore, Ghose said on the sidelines of an event. Tata Chemicals is now awaiting approvals from the MoEF and other authorities concerned. The unit’s current capacity is 200,000 tonnes a year.

The company expects its consumer products business to see more than three-fold growth over the next five years.

“We have a pipeline of new products in the water, food and wellness categories under the consumer products business. Currently, the segment generates revenues of around ₹1,000 crore out the total revenues of nearly ₹15,000 crore.

Consumer products should generate ₹3,000-3,500 crore over the next five years,” Ghose said.

Water purifier business

It launched two reverse osmosis-based water purifier models. Parag Gadre, Head, Water Purifier Business & Strategy, Consumer Products Business, said Tata Chemicals would aim 5-8 per cent market share in this category in the first year. The two models are priced between ₹13,999 and ₹16,999. Such water purifiers are high-end models that run on electricity and are installed with a running water source, unlike storage purifiers. On Tuesday, Tata Chemicals shares closed at ₹248.85, down 1. 30 per cent, on the BSE.

Published on January 28, 2014
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