India's Oriental Carbon surges on anti-dumping duty on insoluble sulphur imports from China, Japan

AG Ventures

09/06/2025 06:17

** Shares of Oriental Carbon and Chemicals ORCR.NS surge 20% to 251.79 rupees

** Stock at its highest level since Dec 20, 2024

** Indian government imposes anti-dumping duty on insoluble sulphur imports from China and Japan

** Says there is a causal link between dumping of insoluble sulphur and injury to domestic industry

** ORCR has been a manufacturer of insoluble sulphur for over 25 years, and is the only such manufacturer in India, offering customized and value-added grades of the product

** Trading volume at 115,277 shares, as of 10:35 a.m. IST, nearly 4x the 30-day average - data compiled by LSEG shows

** YTD, ORCR shares down 6.4%

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))