Tata Chemicals charts out $1bn expansion plan

Tata Chemicals has come out with a roadmap for a massive expansion plan, which includes acquisitions and greenfield projects, at an estimated investment of $1 billion over the next four years.

"Through acquisitions and greenfield projects, we plan to invest $1 billion over the next three-four years," R Gopalakrishnan, executive director, Tata Sons said today. "The acquisitions would be both in the domestic and international arenas."

Declining to give further details about the funding pattern, Gopalakrishnan said, these would be rolled out as the investments take place over a period of time.

The Rs 1,000-crore company would be looking to grow its business in the related fields, he said.Set up in 1939, Tata Chemicals, which deals with soda ash, urea and phosphatics, is the third largest global player in soda ash.

The company, which had recently set up its innovation centre in Pune, will also look at emerging areas such as nano-technology, fermentation and bio-fuels. "The innovation centre has been set up to specially focus on new and green chemicals technology," Gopalakrishnan said