New gas ricing regime will help increase domestic output, says Tata Chemicals and calls for increase market price of urea.
The new urea policy is a welcome move said PK Ghose, CFO of Tata Chemicals in an interview to CNBC-TV18. Urea policy is important as India imports 7-8mn tones of urea which will be unaffordable at abnormal prices.
Tarun Surana of Sunidhi Securities, says that the immediate beneficiary in terms of incremental EPS from the government move to encourage investments in urea manufacturing will be Chambal Fertilizer and RCF.
Ramakrishnan Mukundan, who was appointed CEO of the Rs 13,000-crore Tata Chemicals Limited (TCL), in 2009 at the age of 42, explains to CNBC-TV18 the challenges, opportunities and vision for the company.
R Mukundan of Tata Chemicals describes how innovation is driving change this year with the launch of iShakti in branded pulses and flavored salts.
In an interview to CNBC-TV18 R Mukundan, managing director, Tata Chemicals spoke about the latest happenings in the company and the way ahead.
PK Ghose, chief financial officer, Tata Chemicals informed that there is still no clarity if the much awaited hike in urea prices will be announced.
First Leasing has been buzzing around in the market on rumours of a stake sale. Buzz has it that the company is all set to sell 21% in First Leasing to companies like Temasek and Tata Chemicals. However, company chairman AC Muthiah tells CNBC-TV18 that the news of such stake sale is ‘speculative rumours’.