The Ministry of Finance (Department of Revenue) has issued a notification, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub Section (i), dated 07th March 2025, recommended imposing of anti-dumping duty on imports of Trichloro Isocyanuric Acid" ("TCCA"), falling under tariff items 2933 69 10 or 2933 69 90 of the First Schedule to the Customs Tariff Act, 1975, originating in, or exported from China PR and Japan.
Bodal Chemicals Limited is producing TCCA at its Unit 11, located Neja, Khambhat. Furthermore, as of now, Bodal Chemicals Ltd is the only producer of TCCA products in india. This will help Bodal Chemicals Ltd to add Rs.50 to Rs.60 crores per annum in total turnover starting from financial year 2025 - 2026. This will also help to improve bottom line of the company.
The anti-dumping duty imposed by the Ministry of Finance shall be effective for a period of 5 years with effect from 07th March 2025 (unless revoked, amended or superseded earlier).
Shares of Bodal Chemicals Limited was last trading in BSE at Rs. 56.70 as compared to the previous close of Rs. 56.26. The total number of shares traded during the day was 38970 in over 639 trades.
The stock hit an intraday high of Rs. 57.66 and intraday low of 55.80. The net turnover during the day was Rs. 2207927.00. |
