Gujarat Alkalies to shut-down manufacturing due to Covid-19 pandemic; stock up 2%

The Company has taken up the project for expansion of 16,500 Tonnes Per Annum (TPA) of Anhydrous Aluminium Chloride (AAC) Plant at Dahej with a total project cost of Rs35cr.

Mar 25, 2020 04:03 IST India Infoline News Service

Gujarat Alkalies and Chemicals informed the exchanges that the company has decided to take complete safe shut-down of all its plants at Baroda and Dahej Complexes till March 31, 2020. Some of the plants at Dahej will be taken under shut-down gradually to ensure safety.

The AAC plant will take around 4 to 5 days to get complete shut-down. These measures have been taken due to the situation that arose from directives of the Government of Gujarat and the Central Government to control the spread of Covid-1 9 in Gujarat.

We are confident that this will ensure the health and safety of our employees and the public in general. Due to these measures, all employees will work from home except those employees who are required for plant safety and security as also for maintenance of utility services, the company said.

The Company has taken up the project for expansion of 16,500 Tonnes Per Annum (TPA) of Anhydrous Aluminium Chloride (AAC) Plant at Dahej with the total project cost of Rs35cr. The commercial production at the said AAC Plant at Dahej has been achieved on March 23, 2020. The estimated increase in annual revenue of the Company from this plant would be about Rs65cr. With this expansion, the total capacity of the AAC Plant at Dahej will be 42,420 Tonnes Per Annum (TPA).

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