Tata Chem to explore cathode chemistries with CSIR

Tata Chemicals (TCL) has signed an agreement with a government research institute in Tamil Nadu to explore collaborative technology scaling up of manufacturing of cathode materials for Lithium-ion cells.

CSIR's Central Electrochemical Research Institute (CECRI) and Tata Chemicals under the memorandum of understanding (MoU) will be building a partnership that would leverage TCL’s property, capabilities and infrastructure to manufacture Lithium-ion batteries for various applications. The partnership would develop a strong foundation on commercially scalable cathode chemistry. The plan falls in line with the direction for increased electrification in transportation and the thrust on cleaner forms of energy in India. With a transformation agenda built on innovation and sustainability will eventually assist the company's strategy to grow its specialty business.

Tata Chemicals manufacturer of soda ash and sodium bicarbonate for diverse industries, such as glass, detergents, silicates, textiles, food, pharmaceuticals, animal feed, mining and chemical processing. The company classifies its products under approximately three categories, including living essentials, industry essentials and farm essentials. The Company has a global presence with subsidiaries in the United Kingdom, Kenya and the United States.

On Thursday, the shares of the company opened at a lower level at Rs. 654.10 per share against Wednesday’s close of Rs. 666.95 on the BSE. At 10:35 hours, the share was trading at Rs. 658.95, down by 1.20 per cent. The intraday high was Rs. 662.05 and intraday low was Rs. 654.10 per share on the BSE. Its 52-week high was Rs. 786.95 and 52-week low was Rs. 623.50 per share on the BSE. While Sensex was at 33,642.41 level, down by 1.15 per cent.