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Tata Chemicals' transformation faces hiccups in soda ash business

Resurgence in COVID-19 infections and slowdown in end user markets can delay recovery in its soda ash business

April 13, 2021 / 09:42 AM IST
Tata Chemicals' transformation faces hiccups in soda ash business

Shares of Tata Chemicals lost about 8 percent after hitting a new high last week. The company’s transformation agenda enthused investors who drove up the stock in the last two years. The plan is to shift from commoditised to more specialised products, including a possible entry into the electric vehicle (EV) lithium-ion batteries business. It has set up new specialty products plants (nutraceuticals and silica) and began booking revenue from it. However, as the new businesses are still in the...

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