Tata Chemicals

Tata Chemicals on Wednesday reported a 21.42 per cent growth in consolidated net profit during the December quarter at Rs 425 crore. The company's net profit stood at Rs 350 crore during the corresponding period of the previous fiscal, it said in a regulatory filing. Revenue from operations of the company grew by 32.05 per cent at Rs 4,148 crore during the quarter under review compared to Rs 3,141 crore in the same period last year. "The global demand-supply situation continues to be balanced and an improving demand bias, driven by reopening and stabilisation of economic activity, including newer applications like solar glass, resulted in stable realisations. "Our digital and sustainability transformation agenda continues in partnership with our customers and other stakeholders," Tata Chemicals Managing Director and CEO R Mukundan said. Shares of the company on Wednesday closed 1.62 per cent down at Rs 957.35 apiece on the BSE.

Essar group-promoted Vertex Hydrogen has signed a deal for the sale of over 200 megawatts of low-carbon hydrogen to Northwich-based Tata Chemicals Europe (TCE), the firm said Thursday. "Under the new offtake agreement, Vertex will supply TCE with hydrogen as the manufacturer continues to decarbonise its operations in the UK with a target of achieving 'net zero' manufacturing by 2030," Vertex said in a statement. TCE is one of Europe's leading producers of sodium carbonate, salt, sodium bicarbonate and other products used in the manufacturing of food and animal feed, glass, detergents, chemicals and several other industry applications. In June 2022, Tata opened the UK's first industrial-scale carbon capture and usage plant. The 20 million pound investment captures 40,000 tonnes of carbon dioxide each year, equivalent to taking over 20,000 cars off the road. Vertex Hydrogen is a joint venture between Essar Oil UK and Progressive Energy. It is building the UK's first low-carbon hydrog

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Vertex will supply TCE with hydrogen as the manufacturer continues to decarbonise its operations in the UK with a target of achieving "net zero" manufacturing by 2030

Analysts believe that prices and demand will remain stable in the near term while increase in energy prices and feedstock (limestone, coke and raw salt) remains a key concern.

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Tata Chemicals on Thursday reported nearly three-fold jump in consolidated net profit at Rs 628 crore for September quarter 2022-23 on strong income. The company had clocked Rs 221 crore profit in the same quarter a year ago, according to a regulatory filing. Net income rose 39.62 per cent to Rs 4,299 crore as against Rs 3,079 crore in the year-ago period. Expenses increased to Rs 3,623 crore from Rs 2,805 crore. The company's stock settled 0.67 up at Rs 1,188.05 on the BSE on Thursday.

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The delegation is visiting India as a part of Australia India Business Exchange (AIBX) programme. The delegation of companies will be led by the Australian Trade and Investment Commission (Austrade).

Ambuja Cements, Ceat, Eicher Motors, Pidilite Industries, Tata Chemicals, Torrent Power and Wockhardt are few of the prominent stocks holding on to the bullish outlook.

An anticipated reduction in imports and the ongoing programs on driving cost reductions and efficiencies will likely yield benefits in margins

Shares of Tata Chemicals gained nearly 9 per cent in morning trade on Wednesday after the company posted strong first-quarter earnings

The performance for the quarter was largely led by improved soda ash realisations across all geographies, which led strong top line growth for the quarter, said ICICI Securities.

The company's net profit stood at Rs 342 crore in the corresponding quarter of the previous fiscal, Tata Chemicals said in a regulatory filing.

Tata Chemicals' consolidated turnover for financial year 2021-22 (FY22) grew 24 per cent to Rs 12,622 crore over the previous year

Tata Steel, Tata Power Company, Tata Exlsi, Tata Chemicals and Tinplate Company of India traded at ex-dividend adjusted price on Wednesday.

The management said the operating performance reflects higher volumes, realisations, and favorable market conditions.

Tata Chemicals on Thursday reported a 69.39 per cent growth in consolidated profit after tax (PAT) to Rs 340 crore for the quarter ended December 31, 2021. The company's PAT had stood at Rs 200.72 crore during the corresponding quarter last year, Tata Chemicals said in a regulatory filing. Its revenue from operations during October-December 2021 jumped 20.54 per cent to Rs 3,141.58 crore, compared with Rs 2,606.08 crore in the year-ago period. The firm's consolidated gross debt stood at Rs 6,937 crore, compared with Rs 7,108 crore as on September 30, 2021. Tata Chemicals Managing Director and CEO R Mukundan said, "With the re-opening of businesses in all markets, the overall demand environment continues to be positive." He added that while this positive demand momentum is expected to continue, the input supply-side environment especially energy costs remains high compared to historical levels, and supply chain challenges continue to be seen in the market. The company continues wi

Repo rate was left unchanged at 4 per cent and the reverse repo rate at 3.35 per cent