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Tata Chemicals Ltd on Wednesday said it has raised Rs 1,500 crore through the allotment of non-convertible debentures (NCDs) on a private placement basis. The company has allotted 1,50,000 listed, unsecured, rated, redeemable, taxable, non-cumulative non-convertible debentures, having a face value of Rs 1 lakh each, for cash, it said in a regulatory filing. The NCDs have a tenure of two years and 364 days, and carry a fixed rate coupon of 7.06 per cent, Tata Chemicals said. The debentures have been issued to identified investors based on multiple yield allotment methods, it added. The NCDs will be listed on the Debt Segment of National Stock Exchange of India Limited (NSE). The allotment was approved by the internal committee constituted by the board of directors of the company, Tata Chemicals said. NCDs are debt instruments issued by companies to raise long-term funds. They are popular among investors seeking stable, fixed returns without equity exposure.
Tata Chemicals on Friday said its board has approved an investment of Rs 910 crore for expansions of manufacturing capacities of its plants at Mithapur in Gujarat and Cuddalore in Tamil Nadu. The board of directors of the company have, in a meeting held on Friday, approved an investment of Rs 135 crore towards the expansion of dense soda ash manufacturing capacity at its plant located at Mithapur, Tata Chemicals said in a regulatory filing. Further, the company stated that the board also approved an investment of Rs 775 crore to expand precipitated silica manufacturing capacity at its plant in Cuddalore, Tamil Nadu. Shares of the company closed at Rs 809.95 on Friday, down 1.09 per cent on BSE.
Tata Chemicals Ltd on Wednesday reported a consolidated net loss from continuing operations at Rs 67 crore for the quarter ended March. Its net loss stood at Rs 818 crore in the year-ago period. Total income fell marginally to Rs 3,551 crore in the fourth quarter of the last fiscal from Rs 3,589 crore in the corresponding period of the previous year, according to a regulatory filing. During 2024-25 fiscal, the company's net profit declined to Rs 354 crore from Rs 449 crore in the preceding year. Total income also declined to Rs 15,112 crore last fiscal from Rs 15,707 crore in 2023-24. Commenting on the results, R. Mukundan, Managing Director & CEO, Tata Chemicals, said, "Market conditions remain challenging even as India continues to grow while China, US and Western Europe are witnessing slight declines due to reduced demand for flat and container glass. In other regions, Asia (excluding China and India) and Americas (excluding USA) demand is robust, while slight decline is ...