Fertilizer sector needs more Rs 1k cr subsidy: Tata Chem

Jan 23, 2014, 06.00 PM IST

In a conversation with CNBC-TV18, Mukundan, says Tata Chemicals has not capped any further investments in the fertilizer sector due to the subsidy uncertainity.

Tags  Fertilizer, subsidy, Tata Chemicals, additional Rs 10000 crore

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Fertilizer sector needs more Rs 1k cr subsidy: Tata Chem

In a conversation with CNBC-TV18, Mukundan, says Tata Chemicals has not capped any further investments in the fertilizer sector due to the subsidy uncertainity.

Like this story, share it with millions of investors on M3

Fertilizer sector needs more Rs 1k cr subsidy: Tata Chem

In a conversation with CNBC-TV18, Mukundan, says Tata Chemicals has not capped any further investments in the fertilizer sector due to the subsidy uncertainity.

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While the government's decision to grant Rs 9,000 crore to fertilizer companies as subsidy will bring in huge relief for the sector, the industry needs an additional Rs 10,000 crore, says R Mukundan, managing director, Tata Chemicals .

Also read: Tata Chemicals to focus on farm, consumer product biz

In a conversation with CNBC-TV18, Mukundan, says Tata Chemicals has not capped any further investments in the fertilizer sector due to the subsidy uncertainity.

Mukundan further adds that the bigger challenge for the government is also to address the urea pricing issue.

Tata Chemicals stock price

On January 23, 2014, Tata Chemicals closed at Rs 264.40, down Rs 3.65, or 1.36 percent. The 52-week high of the share was Rs 370.60 and the 52-week low was Rs 234.50.

The company's trailing 12-month (TTM) EPS was at Rs 23.91 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 11.06. The latest book value of the company is Rs 208.33 per share. At current value, the price-to-book value of the company is 1.27.

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