India’s Tata Chemicals, the world’s second largest producer of soda ash, saw its Q3 FY 2009-10 profit more than double thanks to higher sales volumes and stable pricing across its range of products.
The Mumbai-based company which is also a major producer of sodium bicarbonate, fertilisers and salt, reported profit of 2,120m. rupees ($45.9m.) despite a 28% drop in sales across the company’s product line.
The company attributed the gains in part to encouraging growth in its soda ash business particularly in India which is estimated to have grown at 12% for the first three...