Tata Chemicals arm TCEL plans to invest Rs 655 cr in new UK facility

Quick Summary:

Tata Chemicals on Tuesday said its wholly-owned subsidiary Tata Chemicals Europe (TCEL) is planning an investment of 60 million Euro (Rs 655 crore) to build a 1,80,000 tonnes per annum pharmaceutical grade sodium bicarbonate plant in Northwich in the UK.

This new plant will triple TCEL's production capacity of pharmaceutical grade sodium bicarbonate in the UK, Tata Chemicals aid in a regulatory filing.

The construction of the plant is expected to commence in 2025, with first production likely to begin in 2027.

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Category: BusinessFinance

Markets: India

Topics: UK Tata group Chemical industry TCEL Tata Chemicals

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Article Type: News Report

Published On: 2024-11-12 @ 23:19:12 (18 hours ago)

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News Source URL: business-standard.com

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