MUMBAI: Tata Chemicals plans to spend more than $100 million to expand its soda ash making capacity by 400,000 tonnes, a top official said on Thursday.

 

The Mumbai-based chemicals maker has lined up an initial investment of $15 million for biofuels production in Mozambique, P.K. Ghose, chief financial officer, told a news conference.

 

Earlier in the day, Tata Chemicals reported a consolidated net profit of 1.65 billion rupees on net sales of 28.59 billion rupees for Oct-ber-December.