Tata Chemicals lines up plans for biofuel, fresh produce
25 Jun 2007
Mumbai: Tata Chemicals Ltd, has lined up a $1 billion (Rs4,100 crore) investment over the next two-three years, and will likely foray into bio-diesel, fresh fruit and vegetable production and distribution as part of its expansion strategy.
Talking about its expansion plans, Tata Chemicals'' managing director Homi R Khusrokhan said the company has set up jatropha cultivation in five regions of the country for production of bio-diesel.
Besides, it also plans to cultivate sorghum for the production of ethanol, and it would set up a plant with an investment of Rs40-50 crore in eastern Maharashtra.
According
to Khusrokahan, once the model is successful, it will
be replicated elsewhere in the country for large-scale
manufacture of ethanol for blending with petrol. He
also said tahat each plant would take 15-18 months to
set up.
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