<<

“Serving Society through Science”

Low Cost Resource Base

Potash

Phosphate Agri Markets

Nitrogen

Soda Ash Detergent, Glass (Container & Float)

Salt Edible / Industrial

3 Distribution Based Businesses in India

Agri Inputs

Agri + TKS Agri Services

Swach

Pulses Household

Edible

4 Evolving as a Low Cost Resource Play

Potash Potash EPM Potash - (Trading) (Trading) Mining

~0.5* mn tn (2017)

IMACID II Phosphatics Phos Acid in DAP in Haldia DAP linked to Phos (DAP in Haldia) Morocco Rock in Morocco

~1.0* mn tn (under evaluation) Nitrogenous Nitrogenous Gabon Fertiliser Fertiliser (2 lines) (Regulated) (Regulated)

~1.3* mn tn (line 1 - 2014) ~1.3* mn tn (line 2 – under evaluation)

Soda Ash Natural Ash Soda Ash India Natural Ash Synthetic expansion (Synthetic) (USA + Kenya) (India + UK) (USA)

~0.4 mn tn (under evaluation) Salt Salt India Edible Salt debottlenecking (India)

~0.2 mn tn (2012) 5 * Project Capacities Evolving as a Low Cost Resource Play

Investment Higher Margin in Low Cost Volumes Accretion Resources

6 The NATURAL Advantage

Mithapur - Salt Magadi – Natural Soda Ash

Tata Chemicals North America – Natural Soda Ash 7 The NATURAL Advantage

Tata Chemicals Europe () - IMACID, Morocco – Rock Phosphate

Gabon Fertiliser Unit – low energy cost – potential to be one of the lowest cost urea manufacturing facilities in the world

8 Extensive and Efficient Distribution

Pan India network of Pesticides 2252 distributors and 40,045 retailers

Fertilisers Strong reach to rural markets 150 districts Rural across 7 states. 700+ Specialty & Customised dealers and 1.2 lakhs Fertiliser villages covered

700+ franchise retail TKS outlets

Edible and Industrial Pan India reach to ~6.5 crore Salt households Urban through 11.3 lakh retail outlets Swach & Pulses

9 Customer Profile

Consumer • Salt Product • Swach Business • Farm Output

Agri Inputs • Fertilisers – Controlled • Agri Inputs – Non-Controlled

• FMCG Customers (Detergent Chemicals & Container Glass) • Construction and Automobile (Glass)

10 Consumer • Salt Product • Swach Business • Farm Output

Agri Inputs • Fertilisers – Controlled • Agri Inputs – Non-Controlled

• FMCG Customers (Detergent & Chemicals Container Glass) • Construction and Automobile (Glass)

11 Consumption Growth - India

Rising Disposable Income Consumption Growth (Per Capita USD) (Per Capita USD)

1,647 1,108

1,077 746

2010(F) 2014(F) 2010(F) 2014(F) Source: EIU

Opportunity for sustainable growth by meeting demand through products backed by technology and Innovation

12 Consumer Products Business

 Tata Chemicals is the market leader with 62% market share in the Edible salt national branded segment

holds the number one position with market share of about 46.5% - reaches ~6.5 crore households every month through 11.3 lakh outlets

 I-Shakti market share at about 17% of national branded category - reaches close to 5 lakh outlets across India

 Additional 200K TPA capacity expected by March 2012 (estimated cost: ` 80 crore)

ICIS award  Tata Swach a path breaking innovation – available at price points of ` 1,199 and ` 899 – replacement bulbs at ` 349

 Tata Swach sales at 414,000 units

STABLE & RECESSION  Available across 9 states PROOF BUSINESS 13 Consumer Products Business – i-Shakti Pulses

 India's first National brand of pulses – “i-Shakti dals” - launched 4 popular varieties of pulses (Chana, Toor, Urad & Moong)

 i-Shakti dals sales at over 1,000 tonnes for FY2011

 Currently present in 3 states - to be rolled out to over 12 states during FY2012

Tata Chemicals’ ‘Farm to Fork’ approach

 Farm: Strong linkages with the farmer through expansive & well entrenched networks of Tata Kisan Sansars and Rallis Kutumba (catering to 3 million farmers)

 Fork: Established food retail presence through Tata Salt and I Shakti covering a total of around 1.8 million outlets

 Thrust on offering quality and hygienic pulses at an affordable price

 Endeavoring to work closely with state governments across the country. Presently working on the Tamil Nadu government’s Grow More Pulses Program with Rallis 14 Consumer • Salt Product • Swach Business • Farm Output

Agri Inputs • Fertilisers – Controlled • Agri Inputs – Non-Controlled

• FMCG Customers (Detergent & Chemicals Container Glass) • Construction and Automobile (Glass)

15 Agri Growth Indicators

Food demand to grow with rising . . . and given competing uses, land population and increasing awareness under cultivation cannot of nutrition needs increase significantly

Permanent Food Demand Crops: Growing

1.9x 850 demand for fruits & horticulture, 440 7% Arable Land, 49% Residential (Rapidly Growing Population),

19% 100% = 329 million hectares 329 million= 100% Million metric tonnes metric Million Forestry: Environment Regulation, 25% 2007 2020

Source – ICRIER; NSSO, Ministry of Statistics, Mckinsey Study

At 49%, India has the one of the largest proportion of arable land

16 Urea Spot Price 500 Finished Goods – Urea Price Trend (USD) 450 400 400 350 350 327 317 283 293 300 281 279 250 200 150 100 50

-

Q2 FY11 Q2 Q1 FY10 Q1 FY10 Q2 FY10 Q3 FY10 Q4 FY11 Q1 FY11 Q3 FY11 Q4

Source: Industry Estimates – Prices FOB Arabian Gulf

International prices ranging between ~USD 275 to ~USD 500

17 Production & Deliveries

Urea Production & Sales Volumes 400 (‘000 MT)  Plant operating at full capacity 300 utilization 200  100 Urea de-bottlenecking of

0 50-100K tonnes under review

Q2 FY10 Q2 FY10 Q3 FY10 Q4 FY11 Q1 FY11 Q2 FY11 Q3 FY11 Q4 Q1 FY10 Q1 Urea Realizations 11,500 50% Production Sales (`/ MT) 11,000 40% 10,500  Babrala II – Currently on hold, 10,000 30% 9,500 20% 9,000 awaiting policy clarity on gas 10% 8,500

allocation and pricing 8,000 0%

Q1 FY10 Q1 FY10 Q2 FY10 Q3 FY10 Q4 FY11 Q1 FY11 Q2 FY11 Q3 FY11 Q4 Realizations Contribution STABLE & RECESSION PROOF BUSINESS 18 Republic of Gabon (RoG)

RoG Snapshot  An oil rich country in Equatorial West Africa  Spread across 267,667 kms  Population: 1.5 million  Economy dominated by oil & mining  Third highest GDP in Sub-Saharan Africa: USD 14,000 (2009 est.)  Sovereign Rating similar to Philippines: BB- (S&P)

19 Key Investment Highlights

 Entered into a competitive fixed price feedstock agreement with RoG to ultimately set-up 2 streams of 1.3 MTPA Urea - Execution activity at Stream 1 commenced and expected to be commissioned in 36 months

 Time schedule for stream 2 execution to be mutually decided by Olam, RoG & TCL over next 24-36 months

 Olam, RoG and TCL to setup a sales and marketing JV for selling entire output. Olam and TCL to hold equal stake. Up to 25% of the output reserved for Indian markets (subject to de-canalization in India)

 TCL to provide Project Management Consultancy and O&M services

 Due diligence on gas reserves underway

20 Funding

 Strategic investment of USD 290 million to acquire 25.1% stake in stream 1 to set-up Greenfield port-based ammonia-urea Fertiliser manufacturing complex in Republic of Gabon (RoG) - Balance share held by RoG (12%) & Olam (62.9%)

 Funding through:

 USD 82 million raised by the preferential share allotment to

 Sale of Investments worth USD 68 million over the next three years

 Debt funding of USD 140 million

21 Project Highlights

Leveraging Olam’s Strategically located network for developing near Gabon’s main local Urea markets at sea port higher realizations

Potentially a low cost Urea manufacturing facility globally

10 Year Tax holiday Expected yearly after commencement of EBITDA of USD 300– commercial production 350 Million per stream and 10% concessional rate thereafter

22 Technical Advisory Service Agreement with Notore Chemicals, Nigeria

 Notore is in the business of manufacturing Urea and owns a KBR ammonia plant and a Stamicarbon Urea plant

 The Notore plant presently has a capacity of 350,000 metric tonnes (MT) of Ammonia per annum, 500,000 MT of Urea per annum and 650,000 MT of blended NPK

 There is no investment involved at present by TCL in Notore Chemicals

 TCL’s fees are linked to improvement in the output from the plant performance.

Testimony to TCL’s expertise and capabilities in the Urea business

23 DAP & NPK Spot Price 1,050 Phosphoric Acid Price Trend (USD)  Study underway to double phos acid 1,000 830 758 778 780 capacity along with ~ 1 million TPA 800 630 567 DAP capacity 600 509 523  400 Subsidy rates for DAP and MOP have

200 been increased to USD 612 and USD

390 respectively

Q1 FY10 Q1 FY10 Q2 FY10 Q3 FY10 Q4 FY11 Q1 FY11 Q2 FY11 Q3 FY11 Q4 Finished Goods – DAP Price Source: Industry Estimates 800 Trend (USD) 700 657  DAP prices continue to harden led by 600 600 468 496 rising input and energy costs 500 456 400 305 313  307 Higher input prices placing strain on 300

operations 200

Q4 FY11 Q4 Q1 FY10 Q1 FY10 Q2 FY10 Q3 FY10 Q4 FY11 Q1 FY11 Q2 FY11 Q3 24 Source: Industry Estimates Production & Deliveries Haldia DAP Production & Sales (‘000 MT) 100  IMACID stake safeguards 80 60 assured supply of phosphoric 40 20 acid

0

Q1 FY10 Q1 FY10 Q2 FY10 Q3 FY10 Q4 FY11 Q1 FY11 Q2 FY11 Q3 FY11 Q4 Production Sales Haldia DAP Realizations & Contribution (`/MT) 30,000 25% 25,000 20% 20,000 15% 15,000 10% 10,000 5% 5,000 0%

0 -5%

Q2 Q2 FY10 Q3 FY10 Q4 FY10 Q1 FY11 Q2 FY11 Q3 FY11 Q4 FY11 LOW CAPITAL BUSINESS Q1 FY10 25 Realizations Contribution Production & Deliveries Haldia NPK Production & Sales (‘000 MT) 150  Low subsidies combined with 120 90 higher input cost hindering 60 volume growth 30

0

Q3 FY10 Q3 Q1 FY10 Q1 FY10 Q2 FY10 Q4 FY11 Q1 FY11 Q2 FY11 Q3 FY11 Q4 Production Sales Haldia NPK Realizations & Contribution (`/MT)  Targeting to expand the 30,000 20% 25,000 10% SSP capacity by 50K TPA – 20,000 15,000 0% 10,000 expect completion by March -10% 5,000

2012 0 -20%

Q2 FY10 Q2 Q3 FY10 Q3 FY10 Q4 FY11 Q1 FY11 Q2 FY11 Q3 FY11 Q4 LOW CAPITAL BUSINESS FY10 Q1 Realizations Contribution 26 Customized Fertilisers

Customized Fertilisers: Crop & Soil specific Formula

Production Marketing

Target Market: - 25 districts of UP - 5 key crops Production at Babrala has commenced: Capacity 130,000 MT/ year Target segments: 66 dealers, 351 star retailers, 197 TKS

Evaluating option of setting up 2 more Customized Fertiliser units

27 Rallis India  Strong growth in domestic business driven by value added offering to farmers in the last four years – despite the setback due to unseasonal rains

 Revenues up by 20% at ` 1,047 crore and PAT up by 25% at ` 126 crore for the year ended March 31, 2011

 Acquisition of Metahelix Life Sciences (MHS) offers Rallis a firm footing in the seeds business

 With a strong presence in Rice, Maize, Millet, Cotton and

Vegetables portfolio, the Metahelix presence provides a robust opportunity to increase presence in agri input segment

 Manufacturing presence being strengthened by capacity expansions in existing units as well as investments in a new unit at Dahej

 The Rallis Kisan Kutumb programme continues to recive focus with over 50,000 farmers coming into fold 28 Consumer • Salt Product • Swach Business • Farm Output

Agri Inputs • Fertilisers – Controlled • Agri Inputs – Non-Controlled

• FMCG Customers (Detergent & Chemicals Container Glass) • Construction and Automobile (Glass)

29 Global Soda Ash Global Soda Ash Demand Capacities (Million Tonne) (Million Tonne) 58.2 80.0 60 55.7 70.0 70.7 53.4 66.1 68.9 49.2 51.3 70.0 64.6 46.8 47.7 58.8 60.8 50 44.8 60.0 56.9 40 50.0 30 40.0 30.0 20 20.0 10 10.0

0 0.0

FY08 FY09 FY10 FY11

FY10 FY08 FY09 FY11

FY12E FY13E FY14E FY15E

FY12E FY13E FY14E FY15E

Source: Industry Estimates

 Global capacity for soda ash (FY2011) is 65 million tonnes

 TCL’s soda ash capacity is 70% synthetic and 30% natural

 Natural soda ash variable cost is 1/3rd of synthetic soda ash

30 Robust Glass Demand - India

3.00 Projected Demand

2.50

2.00 1.50 2000 – 09

Million MT Million CAGR =11.5% 1.00 2010 – 21 Expected CAGR =11% 0.50

0.00

2003 2000 2001 2002 2004 2005 2006 2007 2008 2009 2021 Source: Glassyug 2010, Glassweb and TSMG Analysis, ACMA report

Past Indian Steady growth of 11.5% in domestic glass industry Growth for last 10 years Indian demand estimated to Construction Real Estate & Construction, accounting for 85% of And Auto float glass. Demand to grow at 20% CAGR growth grow at 11%, sectors in automobile sector, contributing 15% to demand on a conservative basis China growth China grew by 11% from 1990-2008 - India poised Story to mirror this performance

31 Global Energy Prices Spot Price 120-140 Coal CFR Price Trend (USD/tonne) 100 104 120 83 95 94 95 90 67 71 60 Spot Price 30 250 - Anthracite CFR Price Trend

(USD/tonne)

Q2 FY10 Q2 FY10 Q3 FY10 Q4 FY11 Q1 FY11 Q2 FY11 Q3 FY11 Q4 Q1 FY10 Q1 300 254 219 250 200 204 195 169 200 146 153 Spot Price 150 100 530-550 50 - Coke CFR Price Trend

(USD/tonne)

Q2 FY10 Q2 FY10 Q3 FY10 Q4 FY11 Q1 FY11 Q2 FY11 Q3 FY11 Q4 537 FY10 Q1 600 471 467 415 435 450 293 287 333 300 150

-

Q1 FY10 Q1 FY10 Q2 FY10 Q3 FY10 Q4 FY11 Q1 FY11 Q2 FY11 Q3 FY11 Q4

32 Source: Industry Estimates Soda Ash - India Market Share Industrial Usage Spread Tata Chem, Others, Others, 32.6% 26.2% 32% Detergent 42%

Nirma + Sukem, GHCL, Glass, 20.1% 21.1% 26% Source: Industry Estimates

 Mithapur facility operating at ~82% capacity utilization levels

 ~ 65% sales on spot basis

 Rising input costs (limestone and coal) necessitating increased finished goods prices

 Shift in India’s consumption pattern from detergent to glass – usage significantly lower than global consumption

33 Production & Deliveries Mithapur Production & Sales (‘000 MT) 200

150

100

50

0

Q1 FY10 Q1 FY10 Q2 FY10 Q3 FY10 Q4 FY11 Q1 FY11 Q2 FY11 Q3 FY11 Q4 Production Sales Mithapur Realizations & Contribution (`/MT) 20,000 60% 15,000 40% 10,000 20% 5,000 0 0%

HIGH CASH

Q3 FY10 Q3 Q2 FY10 Q2 FY10 Q4 FY11 Q1 FY11 Q2 FY11 Q3 FY11 Q4 GENERATING FY10 Q1 BUSINESS Realizations Contribution 34 Soda Ash – Tata Chemicals North America (TCNA)

Market Share Tata Chem Industrial Usage Spread SVM, 7.5% North America, 24.9% OCI, Glass, 17.2% Detergent, 54% 10%

Other use, FMC, 12% Solvay, 29.1% 21.3% Chemicals, 24% Source: Industry Estimates

 TCNA - one of the largest Soda Ash players in the US

 Currently operating at ~97% capacity utilization levels

 Study under progress for increasing capacity

 Entire production sold through long term contracts

 Complete production sold out for current calendar

 ~70% production sold domestically while balance exported; mainly to Latin America 35 Production & Deliveries TCNA Production & Sales (‘000 MT) 800

600  100,000 MT capacity 400

200 addition by FY2012

0

Q2 FY11 Q2 Q1 FY10 Q1 FY10 Q2 FY10 Q3 FY10 Q4 FY11 Q1 FY11 Q3 FY11 Q4 Prodution Sales TCNA Realizations & Contribution (`/MT) 10,000 60% 8,000 40% 6,000 4,000 20% 2,000 0 0%

HIGH CASH GENERATING –

Q2 FY10 Q2 Q3 Q3 FY10 Q4 FY10 Q1 FY11 Q2 FY11 Q3 FY11 Q4 FY11 LOW COST Q1 FY10 Realizations Contribution 36 Soda Ash – (TCE)

Market Share Industrial Usage Spread Other Use, 7% Tata Glass,Glass, Chem Chemical, 67%67% Others, Europe, 10% 6.7% 84.0%

Detergent 16% ETI, 9.3%

Source: Industry Estimates

 Entire production sold in the UK - all sales through long term contracts

 Container Glass driving demand

 Unit operating at full capacity utilization

 Facility has strong tie-up for brine supply at reasonable cost – acquired 100% stake in British Salt

37 Production & Deliveries

TCE Production & Sales (‘000 MT) 300 250 Extreme climatic 200 conditions impact TCE 150 operations 100 50

0

Q4 FY10 Q4 Q1 FY10 Q1 FY10 Q2 FY10 Q3 FY11 Q1 FY11 Q2 FY11 Q3 FY11 Q4 Production Sales TCE Realizations & Contribution (`/MT) 15,000 70% 12,000 60% 50% 9,000 40% 6,000 30% 20% 3,000 10% 0 0% FOCUS ON RETURNING TO

SUSTAINABLE

Q1 Q1 FY10 Q2 FY10 Q3 FY10 Q4 FY10 Q1 FY11 Q2 FY11 Q3 FY11 Q4 FY11 PROFITABILITY Realizations Contribution 38 British Salt Volume by Industry Sector Market Share General Water Manufact Softening Ineos uring, , 6% Food, Chlor, Tata 10% 45% 42.0% Chem British Salt, 53.0%

Chemical, 10% Imports, Detergent 5.0% 16% Source: Industry Estimates

 Long-term customer relationships with leading food & chemicals companies

 British Salt is also active in the gas storage business

39 Soda Ash – Tata Chemicals Magadi Industrial Usage Spread Market Share Tata Chem Other Magadi, Use, 2% Glass, 92.0% Imports, Mining & 71% 8.0% Metal, 6%

Chemical, 10% Detergent 16%

Source: Industry Estimates

 Standard Ash plant operating at ~85% capacity utilization levels

 Project “Excel” contributes to enhanced production and efficiencies at Pure Ash Facility – 60% capacity utilization

 Rising oil prices however pose challenges

 ~60% sales on spot basis

40 Production & Deliveries Kenya SAM UK Production & Sales (‘000 MT) 100

75

50

25

0

Q1 FY10 Q1 FY10 Q2 FY10 Q3 FY10 Q4 FY11 Q1 FY11 Q2 FY11 Q3 FY11 Q4 Production Sales Kenya SAM Realizations & Contribution 12,000 (`/MT) 80% 10,000 60% 8,000 6,000 40% 4,000 20% 2,000 0 0%

FOCUS ON EXPLOITING

Q1 FY10 Q1 Q3 FY10 Q3 FY10 Q4 FY11 Q1 FY11 Q2 FY11 Q3 FY11 Q4 LOW COST ADVANTAGE FY10 Q2 41 Realizations Contribution

TCL’s Revenue Contribution

~32% ~68%

India

43 Financial Trend (Consolidated) Net Income from Operations

15,000 (` crore) CAGR Growth* – 12,652 12,000 18.3% 11,060 9,448 9,000 5,804 6,023 6,000 4,029 3,000

0

FY08 FY06 FY07 FY09 FY10 FY11 EBITDA (` crore) 1,864 2,000 1,736 1,773 CAGR Growth* 1,625 1,600 – 14.3% 1,119 1,200 833 800 400

0

FY06 FY07 FY08 FY09 FY10 FY11

* Excludes extraordinary items 44 *CAGR Growth* – FY06 – FY11 Financial Trend (Consolidated) PAT (` crore) 964 1,000 CAGR Growth*: 7.3% 750 648 653 592 508 500 428

250

0

FY07 FY08 FY09 FY10 FY11 Diluted EPS FY06 (`) 40 37.9 CAGR Growth*: 35 10.0% 27.6 30 25.6 26.1 25 20 18.3 14.7 15 10 5

0

FY06 FY07 FY08 FY09 FY10 FY11

45 *CAGR Growth* – FY06 – FY11 Dividend Track Record

Dividends including Dividend Tax (` crore) 350 296 300 247 248 255 250 201 200 172 150 100 50

0

FY06 FY07 FY08 FY09 FY10 FY11

Dividend Payout Ratio*

70% 61% 60% 55% 51% 45% 50% 41% 40% 30% 23% 20% 10%

0%

FY06 FY07 FY08 FY09 FY10 FY11

46 * On a standalone basis FY2011 Financial Highlights

FY2011 FY2010 Particulars (` crore) TCL TCE IMACID TCNA Rallis CONS TCL TCE IMACID TCNA Rallis CONS

Net Sales

(Incl. Other 6,332 1,682 442 1,818 1,092 11,060 5,476 1,834 370 1,759 341 9,544 Operating

Income)

Profit from 893 192 53 538 203 1,864 899 306 59 511 63 1,840 operations

PBT (after exceptional 559 (39) 45 397 184 1,121 588 (76) 34 342 57 933 items)

PAT (after MI & Share in 408 (24) 37 198 63 653 435 (60) 30 184 32 606 Associate)

• International entities register a growth of 43% in profits

47 FY2011 Performance

FY11 Profit from Operations FY11 Net Income from Operations (` crore) (` crore) 1,880 12,000

8,000 1,840 11,060 9,544 1,864 4,000 1,840

0 1,800

• Firm markets and stable operating environment across most sites

• Improving demand environment reflected in enhanced realizations

48 FY2011 Performance

FY11 PAT (Post MI) (` crore) FY11 EPS (diluted & annualized) 30.00 660 (`) 25.00 550 20.00 440 15.00 330 606 653 25.61 26.10 220 10.00 110 5.00 0 -

• Strong performance by TCNA partially mitigates impact of increasing input costs, extreme winter in TCE

• FY2011 Profit from operations includes full year performance of Rallis versus 3 months in FY2010

49 Key Ratios (Consolidated)

Particulars As on March 31, 2011 As on March 31, 2010

Net Debt/Equity 0.76 0.81

Net Debt/Total Assets 0.36 0.37

Net Debt/EBITDA 2.34 2.08

EPS (Diluted & annualized) 26.10 25.91

Consolidated Cash and cash equivalents as on March 31, 2011: ` 1,345 crore

50 50

Financial Objectives

Financial  Debt Equity 1:1

Objectives  ROCE 20%

 Leadership Business  Innovation Objectives  Sustainability

MEDIUM52 TERM Living Essentials

Objectives

 Leveraging technology and customer relationships to create products for the masses

Actions

 Debottlenecking of additional 200K TPA domestic salt capacity at ` 180 crore expected by March 2012

 Swach Water purifiers – Sales targeted to cross 1 million by FY2012

 I Shakti range of pulses – “i-Shakti dals” and 4 popular varieties of pulses (Chana, Toor, Urad & Moong including Whole Green Moong & Green Chilka)

MEDIUM53 TERM Industry Essentials

Objectives

 Being the lowest cost Inorganic Chemicals Company in the world

Actions

 Debottlenecking of GCIP facility by 100,000 tonnes by March 2012

 Study under progress to increase GCIP capacity by 400,000 tonnes

 Magadi PAM PEP (Pure Ash, Performance Enhancement Programme)

 Initial capex of USD 15 million on engineering and infrastructure for Biofuels production at Mozambique

 Lean Six Sigma being implemented across sites

MEDIUM54 TERM Farm Essentials Objectives

 Strengthen position in the Integrated Agri Input space while leveraging relationships with farmers to extend across the value chain

Actions

 Evaluating option of setting up 2 more Customized Fertiliser units in Haldia

 Third DAP train of 300,000 tonnes under examination

 Urea de-bottlenecking of 50-100K tonnes under review

 Babrala II – Urea doubling project dependent upon gas allocation and price

 Study underway to double phos acid capacity along with ~ 1 million TPA DAP capacity at IMACID, Morocco

 SSP debottlenecking at Haldia by 50K TPA at a cost of ~ ` 11 crore – expected completion by Q4 FY2012

MEDIUM55 TERM Innovation Focus

 TATA Swach:

 Low cost water purifier available at price points of ` 749 and ` 499

 The Tata Swach bulb, which shuts off water supply after its useful life, is priced at ` 299 and it can purify upto 3,000 liters of water

 TATA Swach is available almost pan India except North Eastern states and J&K

 Biofuels:

 Tata Chemicals has a research program for Jatropa in Singapore along with Toyota and Temasek

 Tata Chemicals plans to exploit this technical knowledge and expertise in developing large-scale bio ethanol project in Mozambique

 The consulate minister of Mozambique allocated 16,000 hectares of land for setting up Bio ethanol plant based from sugarcane 56