Europe Plus One Strategy will help some Chemical companies in India. List of such chemical stocks is shared in this webstory.
The Enegry Crisis in Europe is escalating, crippling many companies. High Energy Prices are forcing Companies to cut their productions and put thousands of workers on furlough.
Putin weaponized gas by cutting down Nord Stream Gas supply by 75% and raising prices by almost 450% than last year. He blamed it on 'Leakage, Turbine Failure and War situation'
Nord Stream 1 Gas Pipeline which stretches 745 miles under the Baltic Sea near Russian Coast supplies maximum 170 cubic meters of Gas to Germany per day.
Supply-Cut has created Energy Crisis is resulting in frequent backouts and shortage of power supply in the winter. Many Global players are shutting down their production units.
Europe tried to burn cash to continue to supply uninterrupted power-supply to industries hoping that Nord stream supply will resume again. But now they are in search of alternate Energy supply.
Companies may start disinvesting across Europe due to poor Gas supply. India can provide alternate base for Manufacturing for these large chemical companies
Europe+1 can help 1) Anupam Rasayan2) Aether ind3) Arsec Life4) BASF India5) Fine Organics6) Gujarat Fluorochem7) Navin Fluorine8) Neogen Chem9) PI Industries10) SRF