Tata Chemicals To Buy Silica Operations Of Unnati Inorganics

Tata Chemicals on Wednesday in its filing said that on May 9, the company has signed a business transfer agreement with Unnati Inorganics Private Limited to acquire their undertaking precipitated silica operation, on a slump basis.

The agreement has been signed for a consideration of Rs 34.20 crore. This agreement also 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 earlier in February 2017.

This speciality chemical product represents a downstream 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 and agrochemicals.

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