Tata Chemicals Posts Wider Loss on US Asset Impairment
Tata Chemicals reported a 21.32 billion rupee net loss for the quarter. This follows an 18.37 billion rupee impairment charge in its US soda ash operations.
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TATA CHEMICALS LTD posted a 21.32 billion rupee consolidated net loss for the quarter ended March 31. The loss widened from 560 million rupees last year after an 18.37 billion rupee impairment in the United States. Trade uncertainty and falling soda ash prices are pressuring margins for the India-based chemical producer.
