New Delhi, Oct 22 (UNI) Tata Chemicals Ltd today said it is expected to commence the operations of its bio-fuel plant in Nanded district of Maharastra in 12-18 months.
The company raised 100 million dollars through private placements and will primarily use the fund for setting up the facility.
''We will utilised the fund for organic and inorganic growth of the company. The major chunk of which will go for the bio fuel manufacturing plant, which is expected to be operational within a time frame of 12 to 18 months,'' Company's Executive Vice President R Mukundan said while launching 'Tata Salt Lite' a new brand of low sodium salt.
Praj Industries has bagged the order from Tata Chemicals to set up the fully integrated, commercial scale plant for ethanol production from sweet sorghum. The plant will have a capacity to crush 900 tonne of sweet sorghum per day.
The company today launched a new brand of low sodium salt 'Tata Salt Lite'.
Tata Salt commands a 19.1 per cent of the market in overall iodised salt category and 49.4 per cent in national branded segment.
It sells a monthly avaerage 40,000 metric tonnes of its products through 13.4 lakh retail outlets.
The Mumbai-based Tata Group company, one of India's largest manufacturers of heavy chemicals and fertilisers, is among the world's largest producers of synthetic soda ash, with the largest domestic market share, produced at the company's integrated complex at Mithapur on the Gujarat coast in western India.
Tata Chemicals has a varied user industry base comprising glass, paper, textiles, food additives, petroleum, refining, chemicals, dyes, pesticides, direct farm application etc.