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Tata Chemicals Ltd (TTCH.NS)

TTCH.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

Tata Chemicals sells urea business to Yara Fertilisers for 26.70 bln rupees
Wednesday, 10 Aug 2016 02:19am EDT 

Tata Chemicals Ltd : Tata Chemicals announces sale of its urea business to Yara for 26.70 billion rupees .  Full Article

Norway's Yara buys Tata Chemicals' urea business in India for $400 mln
Wednesday, 10 Aug 2016 02:10am EDT 

Fertilizer firm Yara International says: Yara acquires Tata Chemicals' urea business in India for USD 400 million on a debt and cash free basis, including normalized net working capital . Includes Babrala urea plant and distribution business in Uttar Pradesh . The plant has an annual production of 0.7 million tonnes ammonia and 1.2 million tonnes urea, and generated revenues and EBITDA of respectively USD 350 million and USD 35 million in the financial year ended 31 March 2016 . The plant was commissioned in 1994, and is the most energy efficient plant in India, with energy efficiency on a par with Yara's best plants . The agreement will be subject to regulatory approvals and sanctioning by the relevant courts in India, a process which is expected to take 9-12 months after which closing of the transaction can take place . Acquisition represents another significant step in growth strategy, creating an integrated position in the world's second-largest fertilizer market .Yara has operated in India since the 1990s, focusing in recent years on premium product sales in the West and South of the country.  Full Article

Tata Chemicals says June-qtr consol profit rises around 33 pct
Friday, 5 Aug 2016 05:29am EDT 

Tata Chemicals Ltd : Says June-quarter consol net profit 2.80 billion rupees . Says June-quarter consol net sales 36.17 billion rupees . June-quarter net profit last year was 2.11 billion rupees as per Ind-AS; net sales was 39.47 billion rupeees .  Full Article

Rallis India June-qtr consol profit rises
Friday, 22 Jul 2016 09:13am EDT 

Rallis India Ltd : Says June-quarter consol net profit 1.74 billion rupees . Says June-quarter consol net sales 4.63 billion rupees . Says company says consol net profit in June-quarter last year was 423.9 million rupees as per Ind-AS; consol net sales was 4.34 billion rupees . Says June-quarter consol exceptional items 1.58 billion rupees .  Full Article

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Former director at India's Tata group sues Tata Sons, board members for defamation

MUMBAI Nusli Wadia, a former independent director on the boards of Tata Motors Ltd , Tata Steel Ltd and Tata Chemicals Ltd , has filed a defamation case against holding company Tata Sons and 11 of its board members and executives.