Nitta Gelatin India Ltd Faces Operational Shifts Following Revision of SION Norms for Gelatine and Ossein
Nitta Gelatin India Ltd is currently addressing the impact of revised Standard Input Output Norms (SION) issued by the Directorate General of Foreign Trade (DGFT), which relate to the manufacture and export of Gelatin and Ossein. The notification details changes in permissible input output ratios regarding the use of degreased crushed bones, or gel bones, a critical raw material for the company’s operations.The revised SION norms mandate significant changes in the ratio calculation for both Gelatine and Ossein production. Specifically, the input requirements have been reduced, affecting the manufacturing process as reported by Nitta Gelatin India Ltd.
Key changes in the permissible input output ratios are detailed below:
| Product | Old Input Ratio (Gel bones per 1 MT) | New Input Ratio (Gel bones per 1 MT) |
|---|---|---|
| Gelatine | 7.35 MT | 3.92 MT |
| Ossein | N/A | 2.24 MT |
The company imports degreased crushed bones as a primary raw material for the manufacturing and export of these products. The revised norms dictate the new input requirements, necessitating adjustments to existing production processes.
Nitta Gelatin India Ltd is actively assessing the implications of these SION revisions on its operational efficiency and financial performance. Furthermore, the company is examining the regulatory aspects of the notification to prepare a representation before the Ministry of Commerce and Industry as well as before industry bodies for reconsideration of the norms.
NITTAGELA Stock Price Movement
Shares of Nitta Gelatin India Limited today slipped by 5.52% to settle at ₹1745.4, marking a significant decline from the day's trading range which included an intraday high of ₹1844.9.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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