Tata Chemicals signs MoU for Rs.250 cr investment in AP

The Dollar Business Bureau

Indian global company Tata Chemicals Limited is planning to invest around Rs.200-250 crore for the development and creation of nutritional products in the state of Andhra Pradesh.

In this regard, the company entered into a memorandum of understanding (MoU) with the government of Andhra Pradesh on January 28, 2017.

“The company has signed an MoU with the Government of Andhra Pradesh 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 filing with BSE.

Tata Chemicals Ltd, a firm of Tata group, is engaged in manufacturing chemicals, fertilisers and salt. The company also sells spices and pulses, among other products.