Tata Chemicals Soda Ash Business

Shares of Tata Chemicals soared by 3.1 per cent at Rs 1,120 per share on the BSE in Tuesday's intraday trade

Soda ash, the company's largest business, suffered last year as falling caustic soda prices made it more appealing than soda ash for the silicate market, prompting it to cut prices to stay competitive

Analysts at Kotak Institutional Equities see this as an incremental negative for soda ash prices, though uncertainties remain around demand and supply and will need to be monitored

The management said the operating performance reflects higher volumes, realisations, and favorable market conditions.

The management said during the quarter, the company's profits was muted due to one off in US operations caused by Polar Vortex leading to sharp rise in gas prices.

Demand revival for soda ash and capacity expansion fuel optimism, say experts

The company will continue to grow new categories - pulses, spices and food