MUMBAI, Feb 8 (Reuters) - India's Tata Chemicals Ltd
has pending dues of 14.96 billion rupees ($281
million) from the government on account of fertiliser subsidies,
its chief financial officer said, adding that delayed payments
were creating liquidity problems for the company.
India controls prices of some fertilisers sold to farmers,
and compensates producers through cash payments to make up for
Earlier on Friday, Tata Chemicals posted a net profit of
2.24 billion rupees, unchanged from a year earlier.
($1 = 53.29 rupees)
(Reporting by Kaustubh Kulkarni)