Preparation for relief to aluminum industry, there may be major changes in import duty

upcoming budget 2025 domestic in aluminum industry The government can take big steps to promote it. cnbc-voice According to, those used in aluminum production raw materials But import duty There is a proposal to reduce and increase the duty on finished goods. This step will provide relief to the domestic aluminum industry and reduce dependence on imports.

Proposal to reduce import duty on raw materials

According to information received from sources, various raw materials used in aluminum manufacturing import duty It is recommended to reduce. These include:

1. Calcined Petroleum Coke (CPC):
   • Current Duty: 7.5%
   • Proposed Duty: 2.5%
2. Raw Petroleum Coke (RPC):
   • Current Duty: 10%
   • Proposed Duty: 2.5%
3. Caustic Soda Lai:
   • Current Duty: 7.5%
   • Proposed Duty: 0% (zero)
4. Aluminum Fluoride:
   • Current Duty: 7.5%
   • Proposed Duty: 2.5%

Proposal to increase import duty on finished goods and scrap

Government to encourage domestic aluminum industry finished aluminum products And aluminum scrap But it is planning to increase the import duty.

1. Finished Aluminum Products:
   • Current Duty: 7.5%
   • Proposed Duty: 12.5%
2. Aluminum Scrap:
   • Current Duty: 2.5%
   • Proposed Duty: 10%

Which companies will benefit from this decision?

Due to this step of the government domestic aluminum companies As NALCO, Hindalco, and Vedanta Can get big benefit. Action can be seen in the shares of these companies today.

NALCO

• Yesterday’s closing price: ₹249.53
• Growth in 1 week: 1.78%
• Growth in 1 month: 7.25%
• Growth in 1 year: 154%

Hindalco

• Yesterday’s closing price: ₹670
• Growth in 1 week: 1.12%
• Growth in 1 month: 2.31%
• Growth in 1 year: 28.35%

Vedanta

• Yesterday’s closing price: ₹514.35