The company has informed the share market (BSE/NSE) that the total sales has also increased in first quarter to Rs 790.84 crore from Rs 688.83 crore of the corresponding period of preceding year. The company has to receive subsidy outstanding of Rs 1686 crore from government which is a big concern for the company. This coupled with delay in fertilizer policy implementation continues to impact the cash flow and urea profitability.
Tata Chemicals Limited (TCL) is one of the largest chemical companies in India with significant operations in India and Africa. TCL's plant locations are at Mithapur (Gujarat), Babrala (UP), Nanded (Maharashtra), Haldia (West Bengal), Northwich, Cheshire (United Kingdom), East Hanover, New Jersey (United States) and Magadi (Kenya).
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