India's Manali Petrochem rises on anti-dumping probe into Saudi polyol imports

Manali Petrochemicals

20/03/2025 09:26

** Manali Petrochem MNLI.NS rises 4.6% to 62.3 rupees

** India's directorate general for trade remedies (DGTR) initiates sunset review of anti-dumping duty on flexible slabstock polyol imports from Saudi Arabia

** MNLI, which is the sole producer of polyols in India, sought the probe, alleging injury to domestic industry from Saudi imports

** India had imposed anti-dumping duty on polyols from Saudi Arabia in 2020, estimating an injury margin of up to 10%

** Co says domestic industry will be negatively impacted if current anti-dumping duties are allowed to expire

** MNLI down 2.1% YTD

 (Reporting by Bharath Rajeswaran in Bengaluru)

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