Tata Chemicals views scarcity of fertilizers supply and sees supply for fertilizers such as soda ash, potash and di-ammonium phosphate remaining tight leading to a jump in prices. The company has also deferred its plans to raise $375 million due to global concerns.
Recently, Tata Chemicals’ wholly owned subsidiary -- Valley Holdings LLC, USA (VHI) had acquired ownership and control of 16,677,612 common shares of EPM Mining Ventures Inc. USA. As of the date, the outstanding share capital of EPM consists of common shares and non-voting common shares, each of which being convertible into one common share subject to the terms and conditions thereof.
The company posted at 7.5% decline in its net profit at Rs 200 crore for the first quarter ended June 30, 2011 against Rs 216 crore for the year ago period. However, net sales jumped by 17% to Rs 2,954 crore for the quarter under review as against Rs 2,523 crore a year ago.
Company Name | CMP |
---|---|
Tata Chemicals | 1059.95 |
SRF | 2265.10 |
Pidilite Inds. | 2983.20 |
Aarti Inds | 624.70 |
Gujarat Fluorochemic | 3077.10 |
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