Tata Chemicals says delayed subsidy creating liquidity problems
MUMBAI (Reuters) - Tata Chemicals Ltd (TTCH.NS) has pending dues of 14.96 billion rupees from the government on account of fertiliser subsidies, its chief financial officer said, adding that delayed payments were creating liquidity problems for the company.
India controls prices of some fertilisers sold to farmers, and compensates producers through cash payments to make up for the shortfall.
Earlier on Friday, Tata Chemicals posted a net profit of 2.24 billion rupees, unchanged from a year earlier.
(Reporting by Kaustubh Kulkarni)
- Tweet this
- Share this
- Digg this
- Malaysian plane still missing; questions over false IDs
- Malaysian jet's disappearance among rarest of aviation disasters
- Malaysian jetliner may have turned back before vanishing
- Malaysia Airlines says "fearing the worst" for missing jet
- Malaysia probing two more passengers on missing flight - source
PLANE GOES MISSING
A Malaysia Airlines flight carrying 227 passengers and 12 crew was presumed to have crashed off the Vietnamese coast on Saturday, and European officials said two people on board were using false identities. Full Article