Tata Chemicals launches new innovation centre

Written By Unknown on Jumat, 11 Juli 2014 | 23.25

The centre will be Tata Chemicals' technology and innovation hub to incubate and support the company's growth in wellness foods, agri and chemistry solutions and it was inaugurated by Tata Group Chairman Cyrus Mistry.

Tata Chemicals  today launched its new innovation centre in Pune with an aim of providing technology support to the company's other group entities. The centre will be Tata Chemicals' technology and innovation hub to incubate and support the company's growth in wellness foods, agri and chemistry solutions and it was inaugurated by Tata Group Chairman Cyrus Mistry.

Inaugurating the centre Mistry said: "Consumer- centric technology and innovation can provide sustainable differentiators for our group companies. For this, management of technology and innovation will need to form a key pillar of strategy. The interdisciplinary innovation centre can play a valuable role in this endeavour".

Along with Mistry, the Board of Directors and Tata Chemicals leadership team were also present at the inauguration.

Speaking on the inauguration of centre, Tata Chemicals Managing Director R Mukundan said: "We have a history of leading and, as we build on our past, technology, innovation and customer immersion are critical enablers in our next phase of profitable growth in our journey to create value for all our stakeholders".

Tata Chemicals is a global company with interests in businesses that focus on LIFE -Living, Industrial and Farm Essentials.

Tata Chemicals stock price

On July 11, 2014, Tata Chemicals closed at Rs 322.55, down Rs 9.05, or 2.73 percent. The 52-week high of the share was Rs 355.00 and the 52-week low was Rs 234.50.


The company's trailing 12-month (TTM) EPS was at Rs 17.12 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 18.84. The latest book value of the company is Rs 225.44 per share. At current value, the price-to-book value of the company is 1.43.


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