At the outset I hope you and your family are safe. We are indeed living through veryunusual times and your Company has faced the challenge of Covid-19 pandemic by immediatelymobilising efforts to protect employees and our immediate communities. In line with theTata philosophy of community being a key stakeholder in the business we proactivelypivoted our assets to serve our communities to face the pandemic. We stepped up ourefforts to produce and supply disinfectants and masks ensure food security and ramp upmedical facilities in and around our plant at Mithapur Gujarat. Our subsidiary Rallistemporarily transformed its chemical units to supply hand sanitisers across MaharashtraGujarat Telangana and Karnataka.
Our approach to the pandemic was centred around four key actions of:
1. Safety of our employees communities partners and assets
2. Rapid pivot to digital to ensure business continuity
3. Conservation of cash through cost control working capital and capex reduction
4. Ensuring continuous support to our customers and supply chain partners.
At this point of time all our plants and R&D centres are operational. I take thisopportunity to thank our teams for their resilience and agility. While this pandemic hasimpacted economic activity we are confident of emerging stronger as we come out of thischallenge.
Advancing Science Creating Value
This year we made significant progress in our strategy by becoming a sharply focussedscience and chemistry-led organisation with the smooth transition of our consumerbusiness as a merged entity with Tata Consumer Products Limited.
I want to thank all our stakeholders for their support and guidance through thisprocess to create value for all our shareholders.
Our strategy going forward will be to build scale and value in the businesses of:
1. Performance Materials (Soda Ash Marine Chemicals Silica and Nano Products)
2. Nutritional Sciences (Food and Pharma grade Salt and Bicarb Ingredients andformulations Prebiotics Probiotics and Natural Extracts)
3. Agri-Sciences (Crop care seeds - through our subsidiary Rallis)
4. Energy Sciences (Battery recycling actives and battery storage)
During the year we acquired the balance 25% stake in Tata Chemicals (Soda Ash)Partners in North America for US$ 195 million. It is now our fully owned subsidiaryresulting in a simpler organisation structure and greater degree of strategic freedom. OurSoda Ash units in India UK and USA delivered to the plan. The Kenyan unit has sinceovercome operational issues. Our Silica unit at Tamil Nadu launched new Technical and Foodgrades for diverse applications. Our supplies of Salt kept pace with demand in India andthe UK. We will continue to accelerate capex to support growth in these markets. Ourexpansion and investments in Food and Pharma grade bicarb is progressing on schedule inthe UK and India. Our Prebiotics FOS manufacturing plant at Andhra Pradesh began itscommercial production in the last quarter of the year. Rallis delivered a strongperformance and our focus is on new product launches and scheduled capex completion.Rallis completed the merger of Metahelix thereby having a complete portfolio of productsincluding seeds crop care etc. In its portfolio. We moderated our investments in EVBattery in tune with the pace of transition to electric in the auto sector even as webegan operations of battery recycling unit.
On the financial front consolidated revenue from operations was flat at Rs 10357crore in FY 2019-20. EBITDA increased by 9% to Rs 1949 crore while PAT was Rs 1028crore. Our business continues to generate robust cash flows at Rs 1780 crore whichsupported the Capex to the tune of Rs 1199 crore during the year. The total cash andcurrent investment was Rs 3681 crore as on March 312020.
We will continue to drive value through innovation digitalisation and sustainabilityacross our five business units. We will continue to invest in our R&D labs in Pune andBengaluru to bring new products and offerings to our customers. The current pandemic hasbrought the importance of digital thrust and sustainability focus. Our newest plant inAndhra Pradesh has been designed with digital thread as a central core along withsustainability embedded in its operations. We see this as our future design andoperational principle.
Going forward we expect immediate market conditions to be challenging and your Companyis well positioned to emerge stronger by leveraging the rethink in supply chain strategiesaround the world. I take this opportunity to thank you all for your continued support andtrust in us.
Managing Director & CEO