IHS Chemical Week

Tata’s sales rise despite flat income

1:46 PM MST | February 8, 2013

Tata Chemicals today reported results for its fiscal third quarter and for the nine months ended 31 December 2012, and says it is taking steps with a previously announced brownfield expansion of a urea plant at Babrala, India, following revision of the Indian government’s urea policy. Tata Chemicals also says that it expects “continued pressure on the soda ash and complex fertilizer business.” The company reports flat consolidated net income of 2.24 billion Indian rupees ($41.88 million) in the quarter ended 31 December 2012. Consolidated revenues were up...

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