• US asset impairment: Tata Chemicals recognized an impairment and tax charge totaling roughly ₹2,000 crore on its US assets due to Chinese pricing pressure in Southeast Asian export markets.
• China pricing pressure: Chinese overcapacity is heavily impacting Southeast Asia—affecting 20% of US exports and one-third of Kenya exports—with Chinese suppliers exporting below cost and needing a $15–$20 per ton increase to break even.
• Non-soda ash mix: Non-soda ash revenue share grew from 42% to 49% and is projected to reach approximately 58% next year, driven by a targeted 23% growth to reduce exposure to Chinese competition.
• Capacity expansion investments: The board cleared a ₹100 crore investment to expand salt capacity, alongside ongoing capital allocation for silica expansion and additional salt facilities in South India.