Gujarat Alkalies updates on expansion projects; Stock soars ~1.5%

11 Oct 2022 , 09:17 AM

Gujarat Alkalies and Chemicals Limited (GACL) has recently completed various new projects for producing new chemicals and expanding the capacities of current product lines. A joint venture company with National Aluminium Company Limited (NALCO) has also completed installation of 800 TPD Caustic Soda Plant, integrated with 130 MW Captive Co-generation Plant.

As per the filing, on October 10, 2022, the Hon’ble Prime Minister has dedicated the new projects 105,000 TPA Chloromethanes Project at Dahej, 10,000 TPA Hydrazine Hydrate Project at Dahej, 1,73,250 TPA Caustic Soda Expansion at Dahej and 267,000 TPA New Caustic Soda Plant with 130 MW Thermal Power Plant at Dahej, put-up as a joint venture between GAOL and NALCO to the Nation during the function organized by Gujarat Industrial Development Corporation (GIDC) at Amod, Bharuch.

“With the implementation of the above mentioned projects, the Company is proud to have taken major step towards “Atmanirbhar Bharat” – a vision of the Hon’ble Prime Minister of India for making India a self-reliant nation in Chemical sector”, GACL said in an official statement.

At around 9:17 AM, Gujarat Alkalies & Chemicals Ltd is currently trading at Rs923.95 per share up by Rs13.2 or 1.45% from its previous closing of Rs910.75 per share on the BSE.

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