Tata Chemicals Annual Report Update - Soda Ash Revival, New Initiatives Hold The Key: Nirmal Bang

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Nirmal Bang Report

In this report, we have summarised takeaways from Tata Chemicals Ltd.’s FY21 annual report/management discussion and analysis - new details on standalone specialty product sales volume and break-up of chemistry segment revenue, including India and UK salt details.

Management is optimistic about future prospects and expects soda ash demand to recover by end-CY21.

However, it has cautioned about near term worries on demand and costs.

The company is looking for recovery in soda ash and ramp-up in nutraceuticals/highly dispersible silica as well as initiatives by Rallis India Ltd. for new products/custom synthesis manufacturing.

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