Chemical Sector:
China’s anti-dumping policy on chemicals has been a source of concern for the Indian chemical industry for some time. The policy, which was implemented in 2018, imposes duties on imports of certain chemicals from China. These duties have made it more difficult for Indian chemical companies to compete with their Chinese counterparts.

The Chinese chemical industry is currently working at reduced capacity due to the COVID-19 pandemic. However, it is expected that production will start to increase in the coming months. This could lead to an increase in exports of Chinese chemicals to India, and put further pressure on the Indian chemical industry.

The Indian government has been taking steps to support the chemical industry. In recent months, the government has announced a number of measures, including financial assistance and tax breaks. However, it remains to be seen whether these measures will be enough to offset the impact of China’s anti-dumping policy.

The chemical sector is a key sector of the Indian economy. The sector employs millions of people and contributes billions of dollars to the Indian GDP. The government must take all necessary steps to protect the chemical sector from the impact of China’s anti-dumping policy.

In addition to the measures that the government has already announced, the government should also consider imposing anti-dumping duties on imports of certain chemicals from China. This would help to level the playing field for Indian chemical companies. The government should also work with the Indian chemical industry to develop strategies to reduce the industry’s reliance on imports from China.

The Indian chemical industry is facing a number of challenges. However, the industry has the potential to grow and become a major player in the global chemical market. The government must support the industry in order to help it achieve its full potential.

Ashok Leyland | Presenting the Hydrogen IC Engine Vehicle

I had mentioned this earlier, this is getting confirmed by management

Subramanian Sarma, Whole-time Director & Sr EVP (Energy), L&T, said the company’s bidding pipeline in West Asia remains very strong and there are many prospects that remain very active.

“Also, several opportunities are arising from Energy transition-related investments, such as Blue Ammonia, Desulphurisation, gas production, gas transportation infrastructure, and petrochemical projects,”

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hi everyone,

If someone understands, how the EPR credits works, can you please explain?
The management mentioned in the Q3 FY24, that they missed 6 crores of top line due to CPCB portal not being ready and they also mentioned that they had roughly 600 MT, which gives 100 Rs/ KG for EPR. They also mentioned that 100 rupees can be divided into two parts, one is just EPR fees and other part is the missed quality material. Does that mean that EPR fees would vary so much depending on the material processed during recycling? Can someone please explain this part, if they understand it better?

In the Q2 FY24, Mr Soni had mentioned that they would be able to punch in all the numbers from April 2023 till date and in CPCB portal and would be able to generate EPR credits from April 2023. Is that understanding still correct?

In the three quarters of FY24, they had processed roughly 1800 MT, wherein Mr Soni mentions that company is recycling only mobiles, laptops and medical devices. In the Q4, he mentions that company would do 700 MT, which gives a figure of 2500 MT for FY24.

He is very confident of achieving 8000 MT for FY25 and 18000 MT for FY26. All these numbers, he is confident of processing only within the company. I believe for the company to process such high volumes, they would have to start processing large home goods, which would reduce the margins and also lower EPR fees as mentioned by Mr Soni (when asked why is not processing huge volumes) and it would also increase the transport costs, resulting in much lower EBITDA.

Only hope could be that high margins and high EPR of recycling mobiles, laptops and medical devices could act as a cushion for the comparatively lower margins and costs of recycling heavy goods

Disc: Invested and cautiously optimistic and nervous about valuations

With current momentum market situation. Some lazy stocks can be exchanged with industry momentum at this moment. It can increase your cagr by 5% .

But since this is not your style. Then I would have taken position on Interglobe aviation (example) in your place in exchange of 4-5 stocks having allocation less than 1%.