New Delhi, Sept. 24 -- The Directorate General of Trade Remedies has recommended a five-year anti-dumping duty of $2.8-5.9 per kg on Chinese and Russian imports of a high-performance plastic used in making Teflon's nonstick cookware.

This is expected to benefit Gujarat Fluorochemicals Ltd as the company would get a more level playing field against low-cost imports from these countries.

Polytetrafluoroethylene (PTFE) is a key product for Gujarat Fluorochemicals, which controls an estimated 40% of the domestic market for the material that's also used in the automotive, electronics, aerospace, and medical devices industries. PTFE belongs to a group of high-resistance plastics known as fluoropolymers.

"In FY25, India imported 5,253 tons of...