They added that the investment in the project might be part of the $1 billion lined up by the company for the next three years. Sources say that the project, when completed, will include a soda ash extraction and processing plant and transportation facilities to link the product to the market. The Tata Chemicals stock was up 1.3% at Rs 244.5 on the BSE on Friday. The JV will be called Lake Natron Resources, with Tata Chemicals taking the majority stake. After the environment study, we have to hold public meetings to discuss infrastructure development,” he added. It doesn’t have rails or roads,” Tata Chemicals managing director Homi Khusrokhan told ET. “It is an undeveloped region, just 40 km away from Lake Magadi. Tata Chemicals, though, will have to invest more in infrastructure. Though financial details are yet to be ascertained, industry analysts put the initial investment at a minimum of Rs 300 crore. The initial capacity will be up to 500,000 tonne a year, with an option to increase it later. Tata Chemicals has already commissioned a Tanzanian consulting firm to conduct a environmental and social assessment study at Lake Natron. Soda ash is used in making glass, detergents and soaps. Lake Magadi is also owned by Tata Chemicals through its UK-based subsidiary Brunner Mond. It also lies on the same geographical belt of Kenya’s Laka Magadi - another natural source of soda ash. Lake Natron is one of the world’s few natural sources of soda ash in most places, including India, it is produced chemically. The Lake Natron project, named after the water body from which soda ash will be extracted, will consolidate the Indian company’s position as one of the three largest makers of the chemical globally. MUMBAI: Tata Chemicals has formed a joint venture with the Tanzanian government to set up a soda ash project in the south-eastern African country.
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