After much deliberation, the government has finally announced a partial decontrol of the sugar sector, which is hoped to make the business more viable and attract large scale investments too, says Nirmal Bang research report.
Tata Chemicals’ unit in North America plans to raise USD 375 million to fund its various expansion projects. The company plans to raise the fund by mid-July, said Tata Chemicals’ chief financial officer, P K Ghose.
Singapore commodity firm Olam International said on Monday India's Tata Chemicals will invest USD 290 million to buy a 25% stake in its joint venture project with the government of Gabon to set up a urea manufacturing project.