Key Points
BENGALURU, Aug 7 (Reuters) - India's Tata Chemicals Ltd (TTCH.NS) posted a 9.7% fall in first-quarter profit on Monday, hurt by a fall in soda ash prices and lower volumes...
The chemical manufacturer's consolidated net profit fell to 5.32 billion rupees ($64.31 million) during the quarter ended June 30 from 5.89 billion rupees a year earlier...
"Soda ash prices got adversely impacted as many customers delayed their purchasing decisions due to new supplies expected from Inner Mongolia, China," said Managing Director and CEO R..
Supply of soda ash, used to prepare lithium carbonate - a key active material needed to manufacture electric vehicle batteries, increased after China eased Covid-related rules...
Besides soda ash, basic chemistry products include sodium bicarbonate, salt and marine chemicals, which are widely used in paints, detergents and insecticides...
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