TATA CHEMICALS

Article Abstract:

The Rs1,600-crore Tata Chemicals is now focusing on nitrogenous fertilizers. The fertiliser unit accounted for about 47 percent of the company's turnover in 1997-98. Tata Chemicals is also continuing with soda ash and chemicals. It improved the capacity utilisation at the soda ash plant to 120 percent. Yet sales were restricted due to poor market conditions. The company is no longer threatened by cheap imports in the soda ash sector. Its scrip is being traded at Rs125. The company's future depends upon the government's decision on retention price issue and on the fertiliser industry. (uh) ------------------------------------------------------------ Tata Chemicals: Financial Results (Rs in crore) ------------------------------------------------------------ Particulars March 1998 March 1997 ------------------------------------------------------------ Sales Turnover 1648.35 1623.76 ------------------------------------------------------------ Operating profit 649.33 641.14 ------------------------------------------------------------ Interest 215.30 245.10 ------------------------------------------------------------ Gross Profit 434.03 400.04 ------------------------------------------------------------ Depreciation 115.13 109.72 ------------------------------------------------------------ Taxes 43.50 38.0 ------------------------------------------------------------ Net Profit 288.55 252.32 ------------------------------------------------------------>TE

Comment:

Focuses on nitrogenous fertilizers, as its fertilizer unit accounted for about 47% of company's turnover in 1997-98

Publisher: Bennett, Coleman & Co. Ltd.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
Strategy & planning, Article, Tata Chemicals Ltd.

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SWC BOARD RECAST, KOMAL WAZIR MADE DIRECTOR

Article Abstract:

Shaw Wallace & Company Ltd (SWC) has revamped its board of directors. Komal Chhabria Wazir has been made the full-time director of Shaw Wallace & Company Ltd. PJ Rao and TS Venkatesan have been relieved from the posts of executive directors. PJ Rao and TS Venkatesan will look after Dunlop India Ltd as the its managing director and executive director. Ravi Jain, who was earlier the managing director, will now be the additional director. (ag/kvr)

Publisher: Bennett, Coleman & Co. Ltd.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
Personnel administration, Shaw Wallace and Co.

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NAGARJUNA FERTILIZERS AND CHEMICALS LIMITED

Article Abstract:

Nagarjuna Fertilizers and Chemicals Limited (NFCL) issued 5,075,000 fully paid-up equity shares to its core promoters in December 98. The shares with face value of Rs10 each were issued at a premium of Rs5.71 per share. The shares were issued out of the warrants given to the promoters in May 1998. (ag)(psr)

Publisher: Bennett, Coleman & Co. Ltd.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
Sales, profits & dividends, Nagarjuna Fertilizers and Chemicals Ltd.

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Subjects list: India, Fertilizer industry
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