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Home / News / Business News / Tata Chemicals sells urea business to Yara India
  • Business

    Tata Chemicals sells urea business to Yara India

    Supriya
    Written by
    Supriya
    Mail
    Last updated on Aug 10, 2016, 07:16 pm
    Tata Chemicals sells urea business to Yara India
  • Tata Chemicals urea business has been sold to Yara India for Rs.2670 crores on a 'slump sale' basis.

    This divestment is intended to strengthen Tata's balance sheet as their debt as on March 31, 2016 was little over Rs.8600 crores.

    Tata Chemicals managing director said this decisive move was intended to build a consumer business while maintaining leadership in the inorganic chemicals business.

  • In this article
    Tata Chemicals What is Urea? Yara Fertilisers India Win-win for both Tata and Yara Tata Chemicals sells urea business to Yara India What is a slump sale?
  • Profile

    Tata Chemicals

    Tata Chemicals
  • Tata Chemicals has manufacturing facilities across North America, Africa, Asia and Europe and is considered the world's second largest producer of soda ash.

    Tata Chemicals has businesses spread across sectors such as industry chemicals, agri-solutions, consumer products and has recently ventured into nutraceuticals.

    Its urea business contributed to 21% of the total turnover of the company in the financial year 2015-2016.

  • Information

    What is Urea?

  • Urea is naturally produced in humans and mammals. However the synthetic version of urea is an inexpensive form of nitrogen fertiliser which is used to acidify soil to grow plants or crops like rice, wheat, corn, strawberries, cotton and several others.

  • Profile

    Yara Fertilisers India

    Yara Fertilisers India
  • Yara International ASA (YIA), a Norwegian chemicals giant founded in 1905, is spread across 150 countries.

    Yara Fertilisers India is a unit of YIA, one of the most energy efficient of Yara plants producing fertilisers and fertiliser raw materials.

    Yara has been present in India since the 1990s and focused on premium product category sales in the western & southern region.

  • How

    Win-win for both Tata and Yara

    Win-win for both Tata and Yara
  • India is the world's second largest fertiliser market and this deal allows YIA to expand its presence.

    Additionally, given the increasing population and standards of living, Yara aims to significantly improve productivity in India's agricultural sector.

    This deal allows Tata Chemicals to achieve its goal of strengthening the fertiliser business either in form of a partnerships or transfer of ownership to world renowned companies.

  • 10 Aug 2016

    Tata Chemicals sells urea business to Yara India

    Tata Chemicals sells urea business to Yara India
  • Tata Chemicals urea business has been sold to Yara India for Rs.2670 crores on a 'slump sale' basis.

    This divestment is intended to strengthen Tata's balance sheet as their debt as on March 31, 2016 was little over Rs.8600 crores.

    Tata Chemicals managing director said this decisive move was intended to build a consumer business while maintaining leadership in the inorganic chemicals business.

  • Do you know?

    What is a slump sale?

  • A slump sale refers to the sale of an undertaking as a 'going concern' for a lump sum consideration; in this scenario individual values are neither assigned to the assets nor the liabilities. It's a commonly used mode of corporate restructuring in India.

  • Tata Chemicals
  • North America
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