ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Better Record Despite Recession

Better Record Despite Recession Hansavivek TATA CHEMICALS has been able to keep up its record of improved performance for the 14th year in succession, despite recession in demand, consequent reduction in selling prices of products, increased burden of interest on higher borrowings for capital expenditure, and the need to extend credits to customers in the prevailing market conditions. Production of the main product, soda ash, increased modestly from 2,94,168 tonnes to 3,07,803 tonnes, despite several stoppages of high pressure boiler chiefly due to poor quality of coal supplies. Production of other important chemicals, such as sodium bicarbonate, caustic soda, benzene hexa pure salt was increased by 135 per cent, following a spurt in demand. There was also a substantial increase in the production of bromine and bromides. The company was able to sell 27,000 tonnes of soda ash more than during the previous year. This indeed was a significant achievement in a year when production exceeded demand for the first time in three decades. The shortages of soda ash and other basic chemicals, which had existed year after year and led to consumers having to pay a premium in the black market, vanished completely last year. J R D Tata, chairman, takes Ide that

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