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Tata Chemicals North America acquires US soda ash customer contracts from Searles Valley Minerals

Tata Chemicals North America Inc, a wholly-owned US subsidiary of Tata Chemicals Ltd, entered into an Assignment and Assumption Agreement with Searles Valley Minerals Inc USA to acquire soda ash customer contracts covering more than 500,000 metric tonnes for supply from September 2026 through December 2028. TCNA was declared the successful bidder in SVM USA's Chapter 11 bankruptcy proceedings, and the transaction was approved by the United States Bankruptcy Court for the District of Delaware with cash consideration of $21.16 million, subject to customary closing conditions. The contracts are expected to generate revenues of more than $110 million over the contract period.