TATACHEM

Tata Chemicals is the largest soda ash manufacturer and also produces caustic soda. It is essentially a commodity business with an okay track record. The company previously made overseas acquisitions that did not meet expectations. However, it is now trying to enter the high-value chemical market for electric vehicle batteries. If this transition to value-added products is successful, the company could enter a new growth phase. Investors should monitor its progress in battery-related chemicals to gauge its future potential beyond traditional commodity cycles.