 "Tata Chemicals buys Unnati Inorganics' precipitated silica operation")
Tata Chemicals Limited (TCL) has acquired the precipitated silica operation of Unnati Inorganics Private Limited (UIPL), on a slump sale basis, for a consideration of Rs 34.20 crore. This includes an existing manufacturing site at Dahej (Gujarat), which will produce highly dispersible silica (HDS) after capability augmentation. This acquisition is a part of the Rs 295 crore investment approved by the board of Tata Chemicals earlier in February 2017, for its precipitated highly dispersible silica business.
This specialty chemical product represents a downward value addition to TCL’s soda ash business, where it ranks among the top manufacturers globally. Precipitated silica is a versatile product with applications in many industries including rubber, coatings, pesticides and oral care.
The technology for manufacturing HDS at Dahej facility has been developed at TCL’s Innovation Centre in Pune, for which eight patents have already been filed. “This acquisition is another step in TCL’s journey to build technologically enabled, differentiated businesses, with greater customer centricity, by leveraging its core strengths,” said TCL in a NSE filing yesterday.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%