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Gujarat Alkalies & Chemicals updates on delay in projects implementation amid post-Covid uncertainties

During the post-covid recovery period, there had been unexpected surge in the prices of construction materials like cement, steel, copper, aluminium etc.

November 08, 2021 9:51 IST | India Infoline News Service
Gujarat Alkalies & Chemicals Ltd has informed to the exchanges regarding delay in projects implementation due to post-Covid uncertainties with respect to availability of construction materials and manpower.

Ealier in a regulatory filing, the Company had, vide its various communications, intimated about its various expansion projects being undertaken which includes 1,05,000 TPA Chloromethanes Plant, 10,000 TPA Hydrazine Hydrate Plant, 33,870 TPA Phosphoric Acid Plant, Caustic Soda expansion with 65 MW Coal based Power Plant at Dahej Complex and 800 TPD Caustic Soda Plant with 130 MW Coal based Power Plant by its subsidiary and joint venture Company viz., GACL-NALCO Alkalies & Chemicals Private Limited (GNAL).

Further, according to the company, during the post-covid recovery period, there had been unexpected surge in the prices of construction materials like cement, steel, copper, aluminium etc.

There has also been acute shortage of manpower for construction. Together with these uncertainties, disruptions in work due to effect of heavy monsoon at project sites have resulted in slower progress in the completion of the projects further by about 2 months, which are at advance stage of construction, said company in a regulatory filing.

At around 9:50 AM, Gujarat Alkalies & Chemicals was trading flat at Rs773.55 per piece on the BSE.

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