Tata Chem FY8217;10 net at Rs 605 cr

8220;The figures of the corresponding period in previous year are not comparable on account of Rallis India Ltd becoming a subsidiary of the company and the actuarial gains and losses on the funds for employee benefits pension plans of the overseas subsidiaries for the period from April 1,2009,8221; the filing added.

Total income stood at Rs 9,712.6 crore for 2009-10,while it had a total income of Rs 12,832.6 crore in the previous fiscal.

In a separate filing to BSE,the company informed that it will issue 1.15 crore shares to the promoter of the company,Tata Sons Ltd,on a preferential basis.

At the current market price price of Rs 300.30,the company would raise Rs 345.34 crore by issuing 1.15 crore shares.

On the standalone basis,the company posted a net profit of Rs 434.7 crore,however it had a net profit of Rs 552 crore in the same period last year.

Shares of Tata Chemicals were trading at Rs 300.30 on BSE,down 5.43 per cent from previous close.