chemical industry
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Chemical IndustryProducers of Commodity Chemicals
Tata Chemicals Limited
Introduction & History Founded by Mr. J. R. D. Tata. Formed in 1939. Group Company/Subsidiary of Tata Group. Registered and Headquarter in Mumbai. Current Chairman – Mr. Cyrus Mistry. One of the Largest Company in the Industry. Focuses on LIFE : Living, Industry and Farm
Essentials. Harnessing the fruits of science for goals
that go beyond business.
Story began in Mithapur, Gujarat. Plant to raise wealth of Marine Chemicals. Market Leading International Business
created across 4 Continents viz. Asia, Europe, Africa and North America.
Pioneer and Market Leader in India’s branded lodised Salt Segment.
Milestones 1927
› Kapil Ram Vakil sets up Okhamandal Salt Works.› On May 4, VT Krishnamachari, then dewan
(administrator) of Baroda, lays foundation stone. 1937
› Tatas approached to take over Okhamandal Salt Works.
1939 › Tata Chemicals Limited incorporated on January
23.
1942› First unit of chemical works - a bromine plant
- is completed. It is the only plant of its kind in India.
1943› Auxiliary power plant commissioned.› Production of caustic soda, liquid chlorine,
bleaching powder, hydrochloric acid and zinc chloride commences.
1944› Soda ash production starts in February.› Lease agreement signed between Baroda
state and Tata Chemicals on March 16.
- Tata Chemicals given rights to manufacture salt and marine minerals and to use limestone and other raw materials within the Kathiawad region of the state.
1946› Managing agency agreement between Tata
Chemicals and Tata Sons transferred to Tata Industries.
› Hospital and medical facilities set up in Mithapur.
1949› Production of sodium bicarbonate starts.
1955-56› Production of technical grade benzene
hexachloride (a pesticide) starts so as to utilise surplus chlorine.
1956-57› Ethylene dibromide, a new product from
bromine, introduced.› Production of copper oxychloride, an
insecticide, starts. Plant and equipment designed in-house.
1957› Joint venture with Fison Pest Control to form
Tata Fisons.
› Subsequently merged with Rallis in 1972-73. 1961-62
› Production of dense soda ash starts. 1962-63
› Net profit increases from Rs 16.9 lac to Rs 79.7 lac.
› Significant breakthrough as technical staff succeed in using treated sea water in place of fresh water.
› Government removes price ceiling on soda ash and caustic soda.
1968-69› Proposal to export chemicals in association
with Tata Exports.
1971› Tata Chemicals discontinues sale of
chemicals through Tata Oil Mills (TOMCO) and starts selling on its own.
1979-80› Develops new salt works.› Tata Chemicals Society for Rural
Development established to improve quality of life in Okhamandal villages.
1983› Tata Salt, India's first iodised, vacuum
evaporated, branded salt launched.
1992› Tata Shudh' detergent launched.› Regional development programe for
Okhamandal villages started. 1993
› New cement plant started in Mithapur. 2001
› Production severely affected due to earthquake on January 26, 2001 and the fire in the power plant on March 2, 2001. Cement sales taken over from ACC Limited.
2002› Mithapur is awarded ISO-14001 certification.› The chemicals division at Mithapur is
awarded the ISO-9001-2000 Migration certificate.
2003› Tata Salt ranked No. 1 Food brand in Brand
Equity Survey of India's most trusted brands.› Babrala fertiliser plant registered with British
Safety Council.› New initiatives taken up to consolidate and
drive growth in the core business.
› Chemical plant at Mithapur bags 'Certificate of Honour' and saltworks awarded 'Certificate of Merit' by Gujarat State Safety Council.
› Mithapur becomes the first industrial township to be awarded the ISO 14001 certificate.
› The fertilizer plant gets ISO-14001 and OHSAS-18001 certification.
2004› ISO 14001 certification for the Babrala
Township for implementation of Environment Management System. Certification audit conducted by KPMG, India.
› Tata Chemicals set up the Innovation Centre to develop world-class R&D capability in the emerging areas of nanotechnology and biotechnology.
2005› First step towards internationalisation. Tata
Chemicals acquires an equal partnership in Indo Maroc Phosphore SA (IMACID) along with Chambal Fertilisers and global phosphate major, OCP of Morocco.
2006› Tata Chemicals completes acquisition of
UK-based Brunner Mond Group, one of the world's leading manufacturers soda ash and associated alkaline products.
2008› Tata Chemicals acquires US-based General
Chemical Industrial Products (GCIP). Becomes world’s second largest soda ash manufacturer.
2009› Tata Chemicals urea division achieves RC
14001 - 2005 Certification› Tata Chemicals certified under SA
8000:2001 standard for the Mithapur, Babrala and Haldia sites by RINA India.
› Tata Chemicals launches ‘i-Shakti Cooking Soda’– refined sodium bicarbonate.
› Tata Chemicals launches 'Tata Swach' water purifier. It has been designed to tackle one of India's biggest social and technological challenges – the need for safe drinking water.
2010› Tata Chemicals acquires 100-per-cent stake in
leading vacuum salt producer British Salt, UK.› Tata Chemicals launches i-Shakti dals (pulses).
2011› Acquires stake in EPM Mining Ventures, Canada.
› Tata Chemicals rebrands global subsidiaries - Tata Chemicals North America (General Chemical Industrial Products), Tata Chemicals Magadi (Magadi Soda Company), Tata Chemicals Europe (Brunner Mond and British Salt).
› Signing of the pre-construction services agreement with Technip for the Gabon Fertiliser Project.
› Africa's first premium ash plant opens at Tata Chemicals Magadi.
2012› Tata Salt launches its flavoured variants -
'Flavoritz'
› India's first iodine plus iron fortified salt launched by Tata Chemicals.
› Tata Chemicals Europe and E.ON Energy from Waste UK Ltd to set up a plant to generate energy from waste at Lostock in Northwich.
2013› TCL's efforts help save more than 350 whale
sharks› Tata Chemicals signs MoU with the Institute of
Chemical Technology to set up endowment chair.› Tata Swach launches new variant Cristella Plus.› Tata Chemicals launches innovative organic plant
growth regulators - FarmGro and FarmGro G
2014› Tata Chemicals launches Paras 20:20:0:13
ammonium phosphate sulphate fertiliser.› State-of-art innovation centre inaugurated
in Pune.› Tata Chemicals completes 75 years in
business.
Raw Materials Gas Natural Phosphoric Acid Ammonia Mop (Muriate Of Potash) Limestone Rocks Coke Anthracite Coal Other Raw Materials
Salt Sulphur Soda Ash Fertilisers Liquid Ammonia Neem Oil/Cake
Products Living Essentials
› Consumer Salt› Pulses : i-Shakti› Water Purifier : Tata Swach
Industry Essentials› Soda Ash› Allied Chemicals
Caustic Soda, Chlorine based products, Bromine based products, gypsum, sodium tripolyphosphate, phosphoric and sulphuric acids
› Industrial Salt› Sodium Bicarbonate› Cement : Tata Shudh
Farm Essentials› Fertilizers› Customized Fertilizers
Human Resource Strategy Develop a lean global structure to
manage consolidation and growth. Create a climate of excellence across
the enterprise. To develop employee capability –
leadership capability and functional capability.
Institutionalize TCL Values and Cultural Pillars across TCL.
Build organization culture that enables high employee engagement.
HR functional excellence. Employee Segments
› Managers› Scientists› Officers› Field Staff› Workmen› Contract Labour
Advocacy and Collaboration by TCL HR› Confederation of Indian Industries› Bombay Chamber of Commerce and
Industries› Employers Federation of India
Marketing Strategies Distribution Network
› Tata Kisan Kendras› Leverage Network› One Stop Outlet› Extend Operations
Strengthen Marketing Functions› Strengthened Teams› Product Customization› Key Account Management› Internal Process Review
Accounting Ratios 2014 2013 2012 2011 2010
Liquidity And Solvency Ratios
Current Ratio 1.2 1.04 1.12 1.37 0.57
Quick Ratio 1.68 1.25 0.84 1.05 0.87
Debt Equity Ratio 0.53 0.46 0.5 0.63 0.69
Long Term Debt Equity Ratio 0.3 0.2 0.45 0.6 0.17
Debt Coverage Ratios
Interest Cover 5.24 5.89 5.27 4.07 4.34
Total Debt to Owners Fund 0.53 0.46 0.5 0.63 0.69
Financial Charges Coverage Ratio 6.1 6.95 6.34 4.81 4.91
Financial Charges Coverage Ratio Post Tax 4.21 5.22 4.86 4.04 4.02
Stock Market Analysis Current Market Price – Rs. 442.80/- Previous Close – Rs. 442.25/- Day’s High/Low – Rs. 447.60/- / Rs.
441.45/- 52 week High/Low – Rs. 460.00/- / Rs.
244.80/- Market Cap – Rs. 11282.54/- Cr.
Future Growth of the Company
Future Growth of the Industry
Conclusion
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