According to sources, India has levied a five-year anti-dumping tariff of up to $986 per tonne on Trichloro isocyanuric acid, a chemical used in water treatment that is imported from China and Japan.
Additionally, the tariff is in accordance with the Directorate General of Trade Remedies’ (DGTR) recommendations, which concluded that dumping of imports is hurting domestic industry. Unless it is changed sooner, the duty will be imposed for five years. China and Japan are two of India’s most important trading partners. According to sources, the Finance Ministry would enforce the charge within three months in accordance with the DGTR’s recommendation, which seeks to safeguard the home market and guarantee fair trade under WTO norms. This breakthrough could be advantageous for certain chemical businesses in India. Investors must independently evaluate the risk and rewards of the company as well as its competitiveness.
SRF Limited
The company, a global chemical conglomerate with a focus on industrial and speciality intermediates, was founded in 1970. It operates internationally, with a significant presence in more than 100 countries, and provides products such as packaging films, technical fabrics, and fluorochemicals.
SRF Limited’s shares finished at Rs. 2,945.30 per equity share, down 0.40 percent from the close price of the previous day, with a market capitalisation of Rs. 87,306 crores.
Bodal Chemicals, Ltd.
The business is a well-known chemical manufacturing in India with a focus on bulk chemicals, sulphuric acid, and dye intermediates. Founded in 1989, the company has several locations throughout Gujarat and prioritises innovation, sustainability, and international standards.
Bodal Chemicals Limited’s stock closed at Rs. 61.77 per equity share, down 2.09 percent from the previous day’s finish price, with a market capitalisation of Rs. 777.96 Crores.
India’s BASF Limited
With goods in six segments—Agricultural Solutions, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Chemicals—this corporation is one of the top multinational chemical companies in India. It provides services to a variety of industries, including pharmaceuticals, automotive, and agricultural.
BASF India Limited’s shares finished at Rs. 4,463 per equity share, down 3.55 percent from the previous day’s close price, with a market capitalisation of Rs. 19,318.38 Crores.
Atul Corporation
Established in 1947, this multifaceted Indian chemical company offers more than 900 items in the performance and life science chemical categories. With operations in India, the US, the UK, China, and the UAE, it provides services to 30 sectors worldwide.
Atul Limited’s stock finished at Rs. 5,526.50 per equity share, up 0.10 percent from the previous day’s close price, with a market capitalisation of Rs. 16,270.99 Crores.