Tata Chemicals plans to shore up its Babrala urea plant capacity to 1.25 million tonnes from the existing level of one million tonnes by October this year.
"There will be a mixture of both. There will be acquisitions and there will be greenfield expansions as well, depending on how the fertiliser scenario shapes up and improvement in gas availability," Tata Chemicals Managing Director, Homi Khusrokhan told reporters on the sidelines of a conference organised by the Bombay Chamber of Commerce and Industry on Friday.
Khusrokhan also said that the company was open to acquisitons as well as greenfield expansions.
If gas becomes easily available, there was also a possibility of doubling capacity at its Babrala plant, he said.
He said that the company has registered a 41 per cent YoY growth in the past five years.
Questioned on the funding of the company's future projects, Khusrokhan said that it would be done through internal resources. "Our balance-sheet is very strong," he said.
The company's debt-equity ratio presently stands at 1:1.4.