Tata Chemicals surges on urea policy approval

DALAL STREET SPIKES

Tata Chemicals surged 6.49 per cent to Rs 346.85 on reports that the government has approved an investment policy for urea, linking the cost of production to the import parity. The scrip opened at Rs 325.05 and went on to achieve a high of Rs 350 and a low of Rs 325 during intra-day trading.

A total of 472,042 shares of Tata Chemicals changed hands at the BSE. Tata Chemicals has an annual turnover of Rs 5800 crore and is one of the leading manufacturers of inorganic chemicals. It also makes fertilisers and food additives.