While Tata Chemicals is developing new businesses, these ventures are yet to contribute meaningfully to earnings. Graphic: Subrata Jana/MintDivestments and deleveraging have done wonders for the Tata Chemicals Ltd stock. For perspective, Tata Chemicals derived Rs860 crore from the fertilizer business, constituting about one-third of the stand-alone entity’s revenues in the first half of the current fiscal year. While Tata Chemicals is developing new businesses, these ventures are yet to contribute meaningfully to earnings. Zarir Langrana, president (global chemicals business) at Tata Chemicals, says the soda ash market is balanced and expects prices to remain firm on the healthy demand growth in core developing markets.

Source: Mint January 12, 2018 02:26 UTC