Tata Chem lines up $1 bn expansion

MUMBAI: 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,” Tata Sons executive director R Gopalakrishnan said here on Wednesday. The acquisitions would be both in the domestic and international arenas, he said.

Declining to give further details about the funding pattern, Mr 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 added.

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, he said.