Recently, India has imposed an anti-dumping duty of up to $986 per tonne for five years on Trichloro isocyanuric acid, a chemical that is used in water treatment, which is imported from China and Japan as per sources.
Further, the duty follows recommendations from the Directorate General of Trade Remedies (DGTR), which found that imports that are dumped are harming the domestic industry. The duty will be levied for five years, unless altered earlier. Both China and Japan are among the key trading partners of India. The Finance Ministry will impose the duty within three months based on DGTR’s recommendation, which aims to protect the domestic market and ensure fair trade within WTO guidelines as per sources. Some chemical Indian companies might benefit from this development. Investors need to assess the business returns and risk and look into their competitiveness on their own.
Listed below are some of the Chemical Stocks that might benefit from India’s Anti-dumping duty on Water Treatment Chemicals
SRF Limited
The company was established in 1970, is a diversified chemical conglomerate specializing in industrial and specialty intermediates. It offers products like fluorochemicals, packaging films, and technical textiles, operating globally with a strong presence in over 100 countries.
With a market capitalization of Rs. 87,306 Crores, the shares of SRF Limited closed at Rs. 2,945.30 per equity share, down 0.40 percent from its previous day’s close price.
Bodal Chemicals Limited
The company is a leading Indian chemical manufacturer, specializing in dye intermediates, sulphuric acid, and bulk chemicals. The company was founded in 1989, it operates multiple units across Gujarat, focusing on innovation, sustainability, and global standards.
With a market capitalization of Rs. 777.96 Crores, the shares of Bodal Chemicals Limited closed at Rs. 61.77 per equity share, down 2.09 percent from its previous day’s close price.
BASF India Limited
This company is a leading transnational chemical company in India, offering products across six segments: Agricultural Solutions, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Chemicals. It serves diverse industries like agriculture, automotive, and pharmaceuticals.
With a market capitalization of Rs. 19,318.38 Crores, the shares of BASF India Limited closed at Rs. 4,463 per equity share, down 3.55 percent from its previous day’s close price.
Atul Limited
This chemical company is a diversified Indian chemical company, founded in 1947, offering over 900 products across life science and performance chemicals. It serves 30 industries globally, with operations in India, the US, UK, China, and UAE.
With a market capitalization of Rs. 16,270.99 Crores, the shares of Atul Limited closed at Rs. 5,526.50 per equity share, up 0.10 percent from its previous day’s close price.
Written by Santhosh S
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