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Tata Chemicals mulls 250-cr investment in AP
Tata Chemicals Limited (TCL), a part of the over $100-billion Tata Group with interests in chemicals, crop nutrition and consumer products, is planning to invest anywhere between Rs 200 crore and Rs 250 crore for the development of nutritional products in Andhra Pradesh.
Hyderabad: Tata Chemicals Limited (TCL), a part of the over $100-billion Tata Group with interests in chemicals, crop nutrition and consumer products, is planning to invest anywhere between Rs 200 crore and Rs 250 crore for the development of nutritional products in Andhra Pradesh. The company signed a memorandum of understanding (MoU) with the Andhra Pradesh government in this regard on January 28, 2017.
“The company has signed an MoU with the Andhra Pradesh government during the second Sunrise Andhra Pradesh Investment Meet for creation and development of biotechnology-based nutritional products such as oligosaccharides and other nutritional products in Nellore district involving investments of approximately Rs 200-250 crore,” Tata Chemicals said in a statement on Monday.
