We recently met the CFO of Tata Chemicals John Mulhall. During the meeting, we got a sense of the business dynamics of Soda Ash, Sodium bicarb and Consumer business. Tata Chemical (TCL) is a predominant player in the soda ash industry with a combined capacity of ~4.2 MTPA across different parts like North America, Africa, Europe and India. Moreover, the company also has a soda bicarb capacity of 0.1 MTPA each in India and Europe. Going ahead, the strategy would be increasing soda ash plant utilisation in the Africa region along with improving sales mix of soda bicarb...