Gujarat Alkalies -; Chemicals, NALCO JV commissions new plant at Dahej; GACL's stock rallies over 3%

1 Apr 2022 , 09:19 AM

Gujarat Alkalies and Chemicals Ltd (GACL) had earlier informed about updates on GACL-NALCO Alkalies & Chemicals Private Limited(“GNAL”), a Joint Venture Company between GACL and National Aluminium Company Limited (“NALCO”) formed to set up 800 TPD Caustic Soda Plant along with 130 MW Captive Power Plant at Dahej. GNAL is a Material Subsidiary of the Company.

Further, GNAL has successfully completed the start-up of the 200 TPD (ton per day) Caustic Evaporation Unit(CEU) along with Boiler and required utilities in the Cogeneration Captive Power plant and has produced 100 MT Caustic Soda Lye (Rayon Grade 47%). The product has been filled in tankers and dispatched, said company.

With the above, the CEU Unit has been partially commissioned. However, since, the balance units of Captive Power Plant and the Caustic Soda Plant will be progressively commissioned in a phased manner, the company added in a regulatory filing on Thursday.

At around 9:22 AM, GACL was trading at Rs926.15 apiece up by Rs30.25 or 3.38% while NALCO was also trading higher at Rs122.30 by Rs0.55 or 0.45% on the BSE.