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India's Tata Chemicals nearly triples Q2 profit

BENGALURU, Oct 27 (Reuters) – Tata Chemicals Ltd on Thursday reported a second-quarter profit that nearly tripled, helped by a strong performance in its basic chemistry products segment. The chemical manufacturer’s consolidated net profit for the three months ended Sept.30 came in at 6.28 billion Indian rupees ($76.17 million), compared with 2.21 billion rupees a year ago. The chemical industry in India has shown robust growth and was among the few industries that pulled through the COVID-19 pandemic, EVDeN EVE nakliYAT as many industries pursued the China-plus-one strategy. The demand EvDen eve nAKLiyAt for soda ash and EvDEN Eve naKLiyat bicarb, used to make soaps and detergents and as a raising agent in baked goods, has been witnessing strong growth for the company. The consolidated revenue from operations rose 40.3% to 42.39 billion rupees, elevated by 32.42 billion rupees of basic chemistry products revenue. Agri-input business Rallis India Ltd, evdEn EVE naKliYAt a TTCH subsidiary, also reported a 25. If you liked this article and you would like to obtain much more details with regards to EvdEn EVE nAKLiYAT kindly stop by our own web-site. 9% rise in its September quarter net profit to 710.5 million rupees last week.($1 = […] read more
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