Capex to remain at or below depreciation levels
Annualized capex will be around the depreciation number; management targets staying below that through the year for all lined-up investments.
TATACHEM / guidance tracker
Keep management guidance in view.
Tata Chemicals · forward-looking guidance across the available source record.
Research layer active
Guidance tracker
What management said would happen.
capex
Hazira salt plant operational by FY27 year-end
IBSED 82.5 capacity salt plant in Hazira should get operational by end of FY27, with market supply starting Q1 FY28.
210 kiloton and 50 KTP silica plants by early FY28
Both South India silica expansion (210 KT) and 50 KTP plant have 24-month execution timelines, targeting operational start in early FY28.
Sustainable India EBITDA margin ~32-33%
Management estimates sustainable EBITDA margin for India business at 32-33%, acknowledging Q1 margin may face cost pressure next quarter from higher coal and logistics costs.
UK Operations to Turn Positive in Q3 FY26
UK reconfiguration is complete and management expects operations to turn positive in Q3 and reach steady state by Q4 FY26.
UK Savings Target Revised to 75% of ₹600 Crore
Management now expects to achieve approximately 75% of the ₹600 crore savings target, primarily due to pricing pressure in US exports partially offsetting fixed cost savings.
India Capacity Expansion: +50% Soda Ash
Plans to increase Indian soda ash capacity by 15% initially, followed by additional 35%, totaling 50% increase. Also adding 5,000 MT FOS, silicates capacity in Kadalur and Mithapur.
₹1,000 Crore Capex for FY26
Capex guidance of approximately ₹1,000 crore for the year, with details to be provided in Q3 FY26 results. Includes growth capex in India and working capital needs.
UK Break-Even Timeline Delayed by 6 Months
Management had guided UK to reach break-even by Q3 FY26 and ₹250 crore annual EBITDA from fixed cost savings, but storm disruptions caused an unplanned stoppage. Q4 FY26 and FY27 will now be required to achieve these targets.
India Capex with 16-18% Return Targets
All new capex (₹515 crore iodized salt, ₹775 crore silica expansion, ₹135 crore dense soda ash) is India-focused targeting 16-18% returns. Dense soda ash expansion at Mapur involves reconfiguring existing unit, not fresh construction.
US Volume Reduction in Southeast Asia
Company will stop taking orders in Southeast Asian market at below-acceptable contribution levels, accepting volume decline in export markets. This is a deliberate strategic shift to protect margins over volumes.
Kenya 50KT Electric Calciner Full Stabilization by March 2026
The new 50,000 ton electric calcination soda ash plant in Kenya was operationalized and will be fully stabilized by March 2026, producing higher-margin superior quality ash with lower carbon footprint.