Stockrabit · Analysts
Questions across 4 calls

R. Mukundan

Firm not listed in source transcripts

Tata Chemicals Limited

Tata Chemicals Limited CC-May26.pdf · 2026-05-04
Thank you, Saurabh. Firstly, I would say that US operations remain largely insulated from this disruption. The UK operation also largely is insulated be cause the key element for them is the brine which they wean from their own brine wells. In addition to that, they did see some increase in spike in the unhedged portion of the gas, but this is only a price issue, not an availability issue, and part of that price increase we have also informed the customers and have also made the requisite changes there. With respect to India, thankfully has been working with imported coal, mainly from Indonesia, which is not disrupted , it's continuing as we speak. Of course , there's a movement in pricing for which we have taken price changes. Our biggest issue in India has been mainly the availability of imported limestone. While we have adequate stock, we've also moved to blended domestic and imported limestone, which is enabling us to run the unit well and at least we don't see any big issues for the next three months. I would say amongst all the units, the one which probably we need to watch closely is the Kenyan unit, which depends on HFO. As of now, they’ve got about 40 days of supply. We are monitoring this closely and the HFO comes from Middle East and we need to ensure that we have alternate sources, which -- about which we are working through the system. So all in all, except for one key element, which is HFO which is bought for Kenya, all other units are absolutely safe and sound from the input disruptions. The big issue for us which we are trying to monitor is, while we have passed on the cost increases to customers, would any of our customers be under pressure in te rms of the impact from this crisis. Up to now, we have not seen it in the marketplace, but we remain completely watchful on that account.
Yes, there has been a notification on ammonia. I'm glad you brought that out because while it is a very small quantity, it is nonetheless a quantity which is cycled through in terms of, you know, one tanker for every 15 days or so , and up to now, we have adequa te supply. We are able to source from the market, but the fertilizer units have been advised not to supply to non - fertilizer users. We've written to government that this order is going to impact all of us. As of now, we are fine, but we're closely monitori ng it and we are also sure government will look into this. It is about 1% of the entire ammonia consumption in the country. Hence, should not disrupt the fertilizer for the farmers, but at the same time, if this were made available to the industry as free ly as it was before, we wouldn't have any issues with respect to any of our production challenge in India.
Tata Chemicals Limited CC-Nov25.pdf · 2025-11-03
As in any litigation the parties can go and appeal in the Supreme Court, that is the final court of justice, within 14 days. We are observing the matter , but as of now the ruling which has come in our favor also will help us in case, if this matter does go to Supreme Court.
In terms of the land rate matter, this is the main one and we will await the judgment on this. Also, on the other matter which we have not highlighted but also got resolved during the quarter was all the tax related issues. We have settled the matter after agreeing to pay ~ Rs. 16 crores that is also expensed out in this quarter.
Tata Chemicals Limited CC-Jun25.pdf · 2025-07-25
So, firstly, MIP has had no impact. The changes in the pricing has been fairly range bound, it's been between $3 to $5 at best, in some pockets, it may be $10, but that's the kind of reduction we have seen in most domestic markets. What we have seen is, and if you take a trailing quarter basis, this will be very marginal shift in terms of $3 to $4 between last quarter to this quarter. We believe that prices have more or less bottomed out, it's going to remain in this broad range.
Yes. The U.S. sequentially, I said is a spillover , so that 40,000/ 50,000 tons would catch up in the next quarter. It is just a shipment timing issue. And India too, we see no major issues. We should be clipping around the numbers we have had in the previous few quarters.