NSEPress Release3d ago · 29 Aug 2026, 07:33 pm
Press Release
Tata Chemicals Limited · TATACHEM
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Tata Chemicals Limited's wholly owned subsidiary, Tata Chemicals North America Inc., has been declared the successful bidder in the Chapter 11 bankruptcy proceedings of Searles Valley Minerals Inc. for the acquisition of North American soda ash customer contracts. The contracts are expected to generate revenues of over USD 110 million through 2028.
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Tata Chemicals Limited has informed the Exchange regarding a press release dated August 29, 2026, titled "Tata Chemicals North America acquires customer contracts expected to generate over USD 110 million in revenue through 2028".
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August 29, 2026
The General Manager The Manager
Corporate Relations Department Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza
Dalal Street Bandra-Kurla Complex, Bandra (E)
Mumbai – 400 001 Mumbai – 400 051
Scrip Code: 500770 Symbol: TATACHEM
Dear Sirs,
Sub: Press Release
In furtherance to our Stock Exchange disclosure made earlier today for Tata Chemicals North America
Inc. ("TCNA"), a wholly owned subsidiary of Tata Chemicals Limited, being declared the successful bidder
in the Chapter 11 bankruptcy proceedings of Searles Valley Minerals Inc. ("SVM"), USA, enclosed
herewith is a copy of the Press Release titled “Tata Chemicals North America acquires customer
contracts expected to generate over USD 110 million in revenue through 2028”.
A copy of the press release is also being made available on the Company's website:
www.tatachemicals.com.
You are requested to take the same on record.
Thanking you,
Yours faithfully,
For Tata Chemicals Limited
Jeraz E. Mahernosh
Company Secretary
(FCS 7008)
Encl.: as above
TCL/PR/27/2627/Corporate
Tata Chemicals North America acquires customer contracts expected
to generate over USD 110 million in revenue through 2028
Mumbai, August 29, 2026: Tata Chemicals Limited ("TCL") today announced that its wholly owned
subsidiary, Tata Chemicals North America Inc. ("TCNA"), has been declared the successful bidder in the
Chapter 11 bankruptcy proceedings of Searles Valley Minerals Inc. ("SVM"), USA, for the acquisition of
North American soda ash customer contracts representing over 500,000 metric tonnes to be serviced
from September 2026 through December 2028. These contracts are expected to generate revenues of
more than USD 110 million over the contract period.
The acquisition strengthens TCNA's position in the North American soda ash market by expanding its
domestic customer base and enhancing long-term customer relationships. The transaction is expected
to improve demand visibility, support customer retention, and drive sustainable value creation.
TCNA has entered into an Assignment and Assumption Agreement ("ASA") with Searles Valley Minerals
Inc. for the acquisition of certain soda ash customer contracts and related commercial rights. The
transaction has been approved by the United States Bankruptcy Court for the District of Delaware with
cash consideration payment of USD 21.16 million and remains subject to customary closing conditions
under the ASA.
Mr. R. Mukundan, CEO & Managing Director, Tata Chemicals Limited, said: "This acquisition represents
a strategic opportunity to strengthen our presence in the North American soda ash market and expand
our customer base. The acquired contracts secure over 500,000 metric tonnes of demand and are
expected to generate revenues exceeding USD 110 million through December 2028. The transaction
enhances our portfolio of long-term customer relationships, improves demand visibility, and reinforces
our commitment to delivering reliable supply and superior service. It is aligned with our strategy of driving
profitable growth and creating sustainable value for all stakeholders."
About Tata Chemicals Ltd.
A part of over US$ 180 billion Tata Group, Tata Chemicals Limited, is a leading supplier of choice to Glass,
Detergent, Industrial and Chemical sectors. The company has a strong position in the crop protection
business through its subsidiary company, Rallis India Limited. Tata Chemicals has world class R&D
facilities in Pune and Bengaluru.
Website: https://www.tatachemicals.com/
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For more information please contact:
Chintan Joshi Siddharth Kumar | Jophy Joseph
Corporate Communications Adfactors PR
Tata Chemicals Ltd Mobile: +91 9902929187 | 77389 55944
Mobile: 9223364761 siddharth.kumar@adfactorspr.com
chjoshi@tatachemicals.com jophy.joseph@adfactorspr.com