Tata Chemicals forms technical committee led by Principal Secretary for Mining 4 days ago
Tata Chemicals has established a high-level technical committee. The committee is co-led by the Principal Secretary for Mining and the TCML CEO. The committee's formation signals a structured engagement between corporate and government-level leadership in the mining domain.
Tata Chemicals confirms compliance, awaits Kenya ministry review 9 days ago
Tata Chemicals' Kenya Unit Receives Notice to Halt Mining and Soda Ash Exports Amid Compliance Review
Tata Chemicals' Kenya unit has received a notice to halt mining and soda ash exports pending a compliance review by authorities. The company has stated it is compliant with applicable regulations and is assessing its legal options in response to the notice. The development has potential implications for the company's Kenya-based soda ash operations during the review period.
Tata Chemicals expects its sodium-ion battery pilot phase to end in six to nine months, with initial customer offers by year-end and a full plant operational within two years. UK operations are anticipated to be EBITDA-positive and approach PBT breakeven, with FY27 capex planned at around or below the FY26 depreciation of approximately INR 1,200 crores. The soda ash market faces near-term headwinds from excess Chinese supply and elevated costs, while India business EBITDA margin is projected at around 18% and the US business is likely to remain unprofitable this year without capacity cuts in China.
Tata Trusts VCs Favour Tata Sons Listing; Trust Meeting Set for May 8
Both Tata Trusts Vice Chairmen Venu Srinivasan and Vijay Singh have expressed support for listing Tata Sons, prompting deliberation at the Tata Chemicals level. A Tata Trust meeting scheduled for May 8 is set to address two agenda items, according to CNBCTV18.
Tata Chemicals: Last Day to Buy Shares for Rs 11 Dividend as Q4 Results Show Narrowed Loss
Tata Chemicals has declared a final dividend of Rs 11 per share, with a record date of June 12. The company reported a Q4 net loss of Rs 56 crore, narrower than expected but still missing analyst forecasts. Q4 revenue stood at Rs 3,593 crore, down 1.56% quarter-on-quarter, while EBITDA decreased by 16.04% to Rs 356 crore. For the full fiscal year, revenue declined by 3.79% to Rs 15,112 crore, and net profit fell by 21.16% to Rs 354 crore.
29May 25
Tata Chemicals Appoints S Padmanabhan as New Chairman
Tata Chemicals Ltd. has announced a leadership change, with S Padmanabhan set to become the new chairman on May 30, replacing N Chandrasekaran. Padmanabhan, a Tata Group veteran with experience across various Tata companies, brings extensive knowledge from roles at TCS, Tata Power, and Tata Sons. This transition occurs as the chemicals industry faces both challenges and opportunities, potentially signaling a focus on leveraging Tata Group synergies and exploring new growth avenues.
28May 25
Tata Chemicals Announces Leadership Change: N Chandrasekaran to Step Down as Chairman
Tata Chemicals Ltd. has announced a significant leadership transition. Current director and chairman N Chandrasekaran will resign from his positions effective May 29, 2025. S Padmanabhan will take over as the new chairman from May 30, 2025. This change comes at a crucial time for the company as it navigates the global chemicals market.
Tata Chemicals Reports Q4 Net Loss, Announces Dividend and Fundraising Plans
Tata Chemicals reported a consolidated net loss of ₹56.00 crore in Q4, significantly improved from ₹850.00 crore loss last year. Revenue increased marginally by 1% to ₹3,509.00 crore. EBITDA declined by 26% to ₹327.00 crore. The company recommended a dividend of ₹11.00 per share and plans to raise up to ₹200.00 crore through loans or NCDs.
07May 25
Tata Chemicals: Q4 Loss Narrows, Misses Profit Estimates, Declares Dividend
Tata Chemicals reported a consolidated net loss of Rs 56.00 crore for Q4 FY25, with revenue increasing by 1.00% to Rs 3,509.00 crore. Despite challenges, the company declared a dividend of Rs 11.00 per share for FY 2024-25. EBITDA and EBITDA margin declined. The company previously announced plans to raise Rs 2,000.00 crore in funds.
30Apr 25
Tata Chemicals to Announce Q4 Results and Consider Fund Raising Options on May 7
Tata Chemicals Limited has scheduled a board meeting for May 7, 2025, to review Q4 and FY 2024-2025 financial results, consider dividend recommendations, and explore fund-raising options through term loans and non-convertible debentures. An analysts' call will follow the meeting, and the company has closed its trading window from March 25 to May 9, 2025.
Fitch Ratings has reaffirmed Tata Chemicals' long-term credit rating at 'BB+' with a stable outlook. The rating, just below investment grade, indicates a relatively low default risk and adequate capacity to meet financial commitments. The stable outlook suggests no significant changes expected in the company's credit profile in the near term. This reaffirmation comes amid industry challenges such as fluctuating raw material prices and stringent environmental regulations, highlighting Tata Chemicals' resilience in the global chemical sector.