It is reported that Tata Chemicals is doubling its urea capacity in Barbala with an investment of Rs 2500 crores. Is it a worthwhile investment in the current price control scenario? Your views?
Thus this huge amount would be better utilised in expansion plans and would benefit the country. We are importing huge quantiy from abroad and the foreign manufacturers are making merry because every time they anticipate a shortage in the Indian market, they fix the prices to higher levels.
I am not sure, but the Govt must be giving some tax holiday or reduced excise duty concessions for any green field projects or expansion plans so as to entice the Indian companies to invest in this field. If I am not wrong, this will be bas ...more
if TATAS think so