Bodal Chemicals share price zooms over 14%; here is why

The company last week said that the Ministry of Finance (Department of Revenue) has issued a notification, published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i), dated 07th March 2025 (enclosed as Annexure - A), recommending the imposition of an anti-dumping duty on imports of Trichloroisocyanuric 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.

"Further, we hereby also inform you that Bodal Chemicals Limited is producing TCCA at its Unit 11, located in Neja, Khambhat. Furthermore, as of now, Bodal Chemicals Ltd is the only producer of TCCA products in India," the company said in its exchange filing.

This, the company said, will help Bodal Chemicals Ltd to add ₹50 to ₹60 crore per annum in total turnover starting from the financial year 2025–2026. This will also help to improve the bottom line of the company.

The anti-dumping duty imposed by the Ministry of Finance shall be effective for five years, effective from March 7, 2025 (unless revoked, amended, or superseded earlier), it added.

About Bodal Chemicals

Bodal Chemicals is an integrated and innovative company, a leading manufacturer and exporter of dyes, dye intermediates, and other chemicals, with a global presence and a focus on end-to-end solutions for customers.

Bodal Chemicals has a presence not only in India but also across the globe, serving 50+ countries with its products and services.

Bodal Chemicals has manufacturing units across India, where it manufactures different products. At present, the company has a total of 11 manufacturing units in operation: Ahmedabad-04, Vadodara-03, Ankleshwar-02, Bay of Kambhat-01, & Punjab-01. "Our manufacturing units have developed different speciality chemicals and products for textiles, paper, plastic, leather, water purification, and many others," the company's website says.

Bodal Chemicals share price trend

Shares of the company have fallen 30% over the past 12 months.