Tata Chemicals signs MoU with AP govt, to invest Rs 200-250 crore

Tata Chemicals has signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh for the creation and development of biotechnology-based nutritional products such as Oligosaccharides and other products in Nellore district involving an investments of about Rs 200-250 crore. The MoU was signed on January 28, 2017 during the 2nd Sunrise Andhra Pradesh lnvestment Meet. 

In a period of one year, the Tata Chemicals stock has delivered returns of 53.25 per cent and outperformed the BSE Mid-cap index and Nifty Commodities index.

Tata Chemicals, a part of the Tata Group having its headquarters in Mumbai, is engaged in the business of chemicals, crop nutrition and consumer products. The company has its business operations in India and Africa.