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Sabras Merger Helps Boost Tata Chem Net To Rs 164.95 Crore

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BUSINESS STANDARD

Tata Chemicals has posted a net profit of Rs 164.95 crore for 2000-2001 as against Rs 117.29 crore last year.

This is on the back of other income of Rs 220.54 crore from interest earnings following its merger with Sabras Investment, a wholly-owned subsidiary.

Had it not been for the merger with Sabras, Tata Chemicals would have posted a loss in the 2000-01 fiscal. The company

 

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First Published: Jun 05 2001 | 12:00 AM IST

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