Tata Chemicals may complete $375m fund raising before July

Tata Chemicals has announced its FY11 results. The company's FY11 consolidated net profit was up 8% at Rs 653 crore versus Rs 606 crore and its consolidated net sales were up 15% at Rs 10,895 crore versus Rs 9,448 crore.

PK Ghose, CFO of Tata Chemicals, in an interview with CNBC-TV18's Sonia Shenoy and Mitali Mukherjee, gave his perspective of the fourth quarter performance and their divulged future plans.

Below is the verbatim transcript of the interview. Also watch the accompanying video.

Q: Can you walk us through the highlights of your performance? What do you expect to see in the year underway?

A: This year, the consolidated sales are up by about 16% and the consolidated net profit is up from last years Rs 606 crore to Rs 653 crore.

We had a number of issues like the converter failure impact on Babrala, the floods in Babrala, severe winter in United Kingdom and a plant was shutdown for 35 days.

As a result of all this despite a very challenging year, we have seen very good results at 8% higher than last years