Tata Chemicals & GHCL shares jump over 8% on Dec 31 after govt announces soda ash Minimum Import Price (MIP).
Govt sets soda ash MIP at Rs20,108/MT; import policy shifts from "Free" to "Restricted" till June 30, 2025.
Tata Chemicals is up 2.51% at Rs1,057; GHCL surges 8.44% to Rs729.80 amid strong buying interest.
Soda ash is key for glass manufacturing, chemicals, and detergent industries, vital for market stability.
Policy aims to stabilize domestic soda ash market & support local producers by curbing excessive imports.
Chinese firms dump soda ash in India at $200-$220/ton, impacting competitiveness of local manufacturers.
New policy offers 20% cost advantage to domestic producers, boosting their market position.
Existing "Free Import Policy" to resume on July 1, 2025, unless further amendments are made.
Move benefits local producers but may challenge sectors relying heavily on imported soda ash.