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Tata Chemicals may revive urea plant expansion, reports say

11:56 AM MST | January 11, 2013 | Francinia Protti-Alvarez

Tata Chemicals may revive plans to expand urea capacity at the company's Babrala, India, site, reports say. A decision to relaunch the $850-million investment, doubling capacity, would reflect changes in the Indian government’s urea policy, guaranteeing a 12–20% profit margin on new urea units, reports by Bloomberg and CNBC say.   Tata announced plans earlier to increase urea capacity at the Babrala site. The company said at the time that the planned investment depended on the government's investment policy and that the company was awaiting...

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