SODA ASH
Tata Chemicals Q4 Results: Co in red after 9 years on one-time charge, poor soda ash demand
India's Tata Chemicals reported its first quarterly loss in nine years on Monday, hurt by a one-time charge incurred in its UK operations along with lower prices and demand of soda ash.
Tata Chemicals slumps 6% on soda ash price cut
More than 6.8 million shares exchanged hands on the BSE and NSE compared with the combined average daily volume of 500,000 shares over the last month. Among the BSE 500 stocks, Tata Chemicals was the biggest loser on Tuesday.
GHCL completes divestment of home textiles business for Rs 608 crore
Besides, Grace Home Fashions LLC (GHF), a US subsidiary of GHCL, has completed the sale of specified assets (inventory and intellectual property) to Indo Count Global Inc in accordance with the terms of Assets Transfer Agreement (ATA), said GHCL in a regulatory filing.
Tata explores $1 billion sale of U.S. soda ash unit
Shares of Tata Chemicals have more than doubled in Mumbai trading this year, giving the company a market value of about 255.7 billion rupees ($3.4 billion). Deliberations are ongoing and Tata Chemicals could still decide against a sale, according to the people.
AMAI demands import duty hike on caustic soda and soda ash
AMAI said the demand for caustic soda has been growing at 5% CAGR during the last four years and by 7% for soda ash.
GHCL’s FY19 numbers should be better than FY18’s: RS Jalan
“In nine months, our capacity utilisation is around 95% which has gone up from 85%”
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Tata Chemicals eyes Rs 10,000-crore soda ash business in 5 years
In the commodity business we had soda ash, urea and phosphate. We will continue to maintain cost leadership and scale in soda ash, said MD and CEO R Mukundan.
Nirma sets eyes on world's fourth largest soda ash producer
Nirma has emerged as a key contender for Tronox Alkali in Green River, Wyoming, for $1.5-2 billion, said multiple sources aware of the talks.
Indian economy is growing and therefore we believe that the demand will be very healthy: RS Jalan, GHCL
"There will be pressure on the margin of the textile business industry as whole and obviously we will have that impact on us as well because of that."
Eyeing Rs 100 crore from consumer division for FY17: RS Jalan, MD, GHCL
"We believe that we should be able to achieve margin of around 15% this year, with a higher volume. We are targeting an EBITDA margin of around 18% next year."
Tata Chemicals Q3 profit down 45% to Rs 130 crore
Tata Chemicals reported 45 per cent decline in consolidated net profit to Rs 129.94 crore for the quarter ended December 31, on lower sales and higher finance cost.
Tata Chemicals Q1 net plunges 13% at Rs 153.04 crore
Total income increased to Rs 4,079.37 crore in the first quarter of 2015-16 fiscal from Rs 3,871.37 crore in the same period of previous fiscal.
Long phase of restructuring and related write-offs is finally over: PK Ghose, Tata Chemicals
The company posted consolidated net loss of Rs 74.2 crore after writing off Rs 198 crore towards permanent reduction in value of its assets.
Nirma eyes US-based soda ash assets of FMC Corp worth $1.5 billion
Sources suggest that Nirma is keen on the buyout but may have to participate in an aggressive bid process if there is enough interest from global players.
Tuticorin Alkali Chemicals and Fertilizers declares lockout
Tuticorin Alkali Chemicals and Fertilizers Ltd, which stopped production since March 1, has declared a lockout, citing acute financial crunch.
CCI disposes of cartelisation case against Tata Chem; 4 others
CCI has dismissed charges of alleged cartelisation by five firms, including Tata Chemicals and Nirma Ltd, in manufacturing and sale of soda ash.
Tata Chemicals: A great bet for those seeking value picks
Buy Tata Chemicals, the soda ash maker, and get its investments in Tata Steel, Indian Hotels, Tata Motors and others for free.
Anti-dumping duty likely on imports of soda ash
India may impose an anti-dumping duty of up to USD 38.79 per tonne on a chemical, used mainly in detergents.
Tata Chemicals Q3 net up by 36% at Rs 223.78 cr
Tata Chemicals, which is India's top salt and soda ash maker, reported a 35.76 percent rise in Oct-Dec net profit.
Detergent prices likely to rise alongwith import duties on soda ash
The anti-dumping duties recommended by the commerce department will be imposed once the finance ministry notifies it.
Detergent prices may rise on duty fears
Prices of detergents could go up by 10-12 % if an anti-dumping duty is imposed, as companies operate on very thin margins.
Government starts anti-dumping probe into soda ash imports
India has initiated a probe into alleged dumping of soda ash by countries like China, Iran and Pakistan to protect domestic players.
We are still leaders in the domestic soda ash market: Tata Chemicals
PK Ghose, CFO, Tata Chemicals, in an interview with ET Now talks about the company’s future plans and affirms that the company still maintains its leadership position in the domestic soda ash market.
Soda ash import duty to stay
The government is all set to extend the special duty on import of soda ash from China, imposed on a provisional basis earlier this year.
Govt mulls ban on soda ash export to hold prices
Govt is considering to ban exports of soda ash and encourage imports of glass and bricks.
Import of soda ash from the US set to rise soon
In 1996, the US soda ash industry attempted to enter the Indian market through an export cartel Ansac. The Indian industry lobbied successfully to keep Ansac out, and it continues to remain so. But two acquisitions by Tata Chemicals and Nirma have given India a quarter of the US soda ash industry.
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