Also read: Tata Chemicals to focus on farm, consumer product biz
"It ( Rs 9000 crore) is a welcome relief. It is going to bring down the burden. But the industry needs at least another Rs 10000 crore to be released over and above this to be safe till the beginning of the next year when the new government comes in.
In a conversation with CNBC-TV18, Mukundan, says Tata Chemicals has not capped any further investments in the fertilizer sector due to the subsidy uncertainity.
Mukundan further adds that the bigger challenge for the government is also to address the urea pricing issue.
Tata Chemicals stock price
On January 23, 2014, Tata Chemicals closed at Rs 264.40, down Rs 3.65, or 1.36 percent. The 52-week high of the share was Rs 370.60 and the 52-week low was Rs 234.50.
The company's trailing 12-month (TTM) EPS was at Rs 23.91 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 11.06. The latest book value of the company is Rs 208.33 per share. At current value, the price-to-book value of the company is 1.27.
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Fertilizer sector needs more Rs 1k cr subsidy: Tata Chem
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