Page 290 - Tata_Chemicals_yearly-reports-2021-22

Integrated Annual Report 2021-22

Ageing Schedule
As on March 31, 2022
` in crore
Particulars Less than 1 Year 1-2 Years 2-3 Years More than 3 Years Total
Projects in Progress 27.44 22.15 14.74 13.42 77.75
Total 27.44 22.15 14.74 13.42 77.75
As on March 31, 2021
` in crore
Particulars Less than 1 Year 1-2 Years 2-3 Years More than 3 Years Total
Projects in Progress 23.86 13.22 8.68 13.04 58.80
Total 23.86 13.22 8.68 13.04 58.80
9. (a) Investments in joint ventures
The Group’s interest in joint ventures are accounted for using the equity method in the Consolidated Financial Statements.
Following are details of investments in Joint ventures:

Percentage of ownership Interest
Country of
Particulars As at As at
incorporation
March 31, 2022 March 31, 2021
Indo Maroc Phosphore S.A. (‘IMACID’) Morocco 33.33% 33.33%
JOil (S) Pte. Ltd. (‘Joil’) ^ Singapore NA 33.78%
Tata Industries Ltd. India 9.13% 9.13%
The Block Salt Company Ltd. United Kingdom 50.00% 50.00%
The Group had no contingent liabilities or capital commitments relating to its interest in joint ventures as at March 31, 2022 and 2021. The
joint ventures have no other contingent liabilities or capital commitments as at March 31, 2022 and 2021.
^During the year, consequent to the change in shareholder’s agreement, investment in JOil (S) Pte. Ltd has been classified from Joint Venture to Associate.
Carrying amount of investment in joint ventures
` in crore
As at As at
Particulars
March 31, 2022 March 31, 2021
Indo Maroc Phosphore S.A. 672.22 411.38
JOil (S) Pte. Ltd.* NA -
Tata Industries Ltd. 561.08 538.77
The Block Salt Company Ltd. 0.42 1.74
Total 1,233.72 951.89
*The Group has impaired 100% investment during the year ended March 31, 2015.

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