Shivam Chemicals Ltd Successfully Resumes US Exports of Renewable Energy Feedstock
Shivam Chemicals Limited has successfully restarted its export business to the United States after a period of disruption caused by changes in the U.S. tariff and trade environment. The company recommenced exports of renewable energy feedstock intended for use in the biofuel industry, supplying a leading global energy company in the U.S.Following the successful resumption and execution of supplies, Shivam Chemicals Limited has secured further repeat export business. This new business reflects continuous demand and reinforces the company's confidence in the growth potential of the export market.
The resumption and continuation of the export business represent a significant development for the company and strengthen its standing in the international market. Based on the secured business and current visibility, the company expects this venture to make a meaningful positive contribution to its turnover and profitability during the current financial year, subject to prevailing market conditions, trade policies, foreign exchange movements, and business continuity.
The sustained business engagement also highlights the company's capabilities in domestic sourcing, supply-chain management, and executing the export business according to global customer requirements.
Shivam Chemicals Limited sees encouraging potential for further growth in this sector and remains committed to strengthening its international presence. The company maintains commercial confidentiality regarding its customers, products, volumes, pricing, and contractual terms. Material developments will be communicated in due course.
Stock Price Movement
At 09:09 in the pre-open session, Shivam Chemicals Ltd is edging higher, trading at ₹116.00 and gaining 1.75%. The shares are currently completely flat, with the intraday high and low both locked at ₹116.00.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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