SODA ASH

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.

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.

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 ...

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...

AMAI said the demand for caustic soda has been growing at 5% CAGR during the last four years and by 7% for soda ash.

“In nine months, our capacity utilisation is around 95% which has gone up from 85%”

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 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.

"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."

"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."

In a chat with ET Now, RS Jalan , MD, GHCL talks about the company's growth and margin outlook in textile business and other sectors.Expanding soda ash biz by 12% by March: GHCL

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.

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 Ltd, which stopped production since March 1, has declared a lockout, citing acute financial crunch.

CCI has dismissed charges of alleged cartelisation by five firms, including Tata Chemicals and Nirma Ltd, in manufacturing and sale of soda ash.

Buy Tata Chemicals, the soda ash maker, and get its investments in Tata Steel, Indian Hotels, Tata Motors and others for free.

CCI likely to probe into alleged soda ash cartel

India may impose an anti-dumping duty of up to USD 38.79 per tonne on a chemical, used mainly in detergents.

Tata Chemicals, which is India's top salt and soda ash maker, reported a 35.76 percent rise in Oct-Dec net profit.