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Tata Chemicals surges on collaborating with IITB-Monash Research Academy
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Tata Chemicals is currently trading at Rs. 977.00, up by 4.80 points or 0.49% from its previous closing of Rs. 972.20 on the BSE.
The scrip opened at Rs. 979.65 and has touched a high and low of Rs. 984.50 and Rs. 971.75 respectively. So far 66046 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1140.95 on 05-Jan-2024 and a 52 week low of Rs. 922.20 on 19-Apr-2023.
Last one week high and low of the scrip stood at Rs. 984.50 and Rs. 937.55 respectively. The current market cap of the company is Rs. 24963.57 crore.
The promoters holding in the company stood at 37.98%, while Institutions and Non-Institutions held 34.54% and 27.48% respectively.
Tata Chemicals has entered into collaboration with IITB-Monash Research Academy, focusing on pioneering research in the perovskite/clean energy domain. This strategic partnership is a pivotal move towards advancing sustainable energy transition solutions and fostering cutting-edge innovation in clean energy technologies.
Under this agreement, Tata Chemicals commits to supporting the Next-Gen Technology research led by the IITB-Monash Research Academy focused on the transformative potential of perovskite materials in the field of clean energy. Recognized for its exceptional efficiency in converting solar energy into electricity and increasing efficiency of present Solar energy solutions, perovskite presents a tremendous opportunity to address global and India’s energy needs and accelerate the transition to a more sustainable future.
This collaboration signifies a leap in Tata Chemicals' journey of innovation and sustainability, combining its expertise with the academy's to break new ground in clean energy technologies. It underscores the organization’s relentless pursuit of excellence in research and development, aligning with a shared vision to use scientific prowess to address environmental issues and accelerate the global transition to renewable energy sources.
Tata Chemicals is the second-largest producer of soda ash in the world with manufacturing facilities in India, UK, Kenya and USA. It is India’s leading crop nutrients player and a leading player in crop protection business through its subsidiary Rallis India.
