Tata Chemicals to focus on farm, consumer product businesses

Tata Chemicals, part of the over $100 billion Tata Group, plans to focus on farm and consumer product businesses.

"Having achieved the leadership position in inorganic chemicals, that is soda ash, the company will now focus on building upon farm and consumer facing businesses," Tata Chemicals Managing Director R Mukundan said today at a function at the BSE here to celebrate 75 years.

In the farm business, the company will increase the non-bulk portfolio such as specialty and high-yield seeds to enhance farm productivity, he said.

"The focus with regards to the latter will be on growing the consumer products business as the Indian consumer moves from loose to branded, packaged products across all categories in the nutrition and wellness space," Mukundan added.

Tata Chemicals Executive Director and Chief Financial Officer P K Ghose said the growth drivers of the company will be in the Indian retail and farm sectors.

"We are building significant capabilities by leveraging our consumer and farmer reach, besides focusing on innovation-led products. We have planned capital expenditure outlay for the next five years that include investments in our chemical business, in capital-light businesses like salt expansion projects and other branded consumer products," he added.

He said the company may explore a brown field expansion project in the US, subject to meeting the desired investment criteria. On the other hand, the company will focus on paring debt by half from current levels.

EDITORIAL OF THE DAY

  • Insurance regulator must ban differential pricing and exemptions on health covers

    To reduce their overall losses, non-life insurance companies have been increasing the health insurance premium they charge retail customers, both at t

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Arun Kumar Jain

Reframe mindset to achieve excellence

Niels Bohr, the famous quantum physicist on­ce said, “The opposite ...

Kuruvilla Pandikattu

More real than the reality

Virtual reality (VR), a te­chnology that offers an un­imaginably altered ...

Dharmendra Khandal

Urbanisation is costing us our wildlife

The road transport and highways minister Nitin Gadkari aims to ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture