Net profit of Tata Chemicals rose 40.20% to Rs 295.13 crore in the quarter ended September 2018 as against Rs 210.50 crore during the previous quarter ended September 2017. Sales rose 22.69% to Rs 1013.61 crore in the quarter ended September 2018 as against Rs 826.15 crore during the previous quarter ended September 2017.

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Net profit of Tata Chemicals declined 2.42% to Rs 408.82 crore in the quarter ended September 2018 as against Rs 418.95 crore during the previous quarter ended September 2017. Sales rose 10.05% to Rs 2960.66 crore in the quarter ended September 2018 as against Rs 2690.19 crore during the previous quarter ended September 2017.

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Tata Chemicals signed a memorandum of understanding (MoU) with CSIR - CECRI (Central Electrochemical Research Institute), Karaikudi to explore collaborative technology scaling up of manufacturing cathodematerials for Lithium-ion cells.

Under this MOU, TCL and CSIR-CECRI envisages building a partnership which would leverage CSIRCECRI's intellectual property, capabilities and infrastructure, to test and validate multiple possible cathode chemistries, with a view to eventually manufacture Lithium-ion batteries for variousapplications. This partnership is intended to build a strong foundation on commercially scalable cathode chemistries and is in line with the direction for increased electrification in transportation and the thrust on cleaner forms of energy in India.

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Tata Chemicals will hold a meeting of the Board of Directors of the Company on 2 November 2018.

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