TATA CHEMICALS: DIVESTMENT DONE, NOW NEW BUSINESS DEVELOPMENT CHALLENGE AWAITS

摘要

Tata Chemicals's divestment of the fertiliser business, while improving earnings quality, will also reduce the revenue base Divestments and deleveraging have done wonders for the Tata Chemicals Ltd stock. The shares which were languishing till two years ago gained 49% last year as the company exited its less remunerative fertilizer business, pared debt (see chart) and sought to reinvent itself by developing new business segments.