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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Steps towards transparency in the real estate sector are long overdue

    Searching for black money in India’s real estate sector, which constitutes 11 per cent of the country’s $ 2 trillion GDP, is like searching for th

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

Reaping from the core of the earth

Geothermal energy is energy generated from inside the earth’s crust. ...

Zehra Naqvi

For the love of language

A video doing the rounds in social media these days ...

Dharmendra Khandal

‘Poop’ coffee anyone? If civets suffer, so be it

That a drink which proudly associates itself with animal poop ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture