Gujarat Alkalies and Chemicals is currently trading at Rs. 199.75, up by 1.65 points or 0.83% from its previous closing of Rs. 198.10 on the BSE.
The scrip opened at Rs. 202.90 and has touched a high and low of Rs. 205.00 and Rs. 198.35 respectively. So far 10,363 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 237.00 on 23-May-2014 and a 52 week low of Rs. 135.20 on 28-Oct-2013.
Last one week high and low of the scrip stood at Rs. 205.00 and Rs. 196.40 respectively. The current market cap of the company is Rs. 1,466.00 crore.
The promoters holding in the company stood at 46.28% while Institutions and Non-Institutions held 6.35% and 47.37% respectively.
Gujarat Alkalies and Chemicals (GACL), India’s leading Caustic Soda manufacturer has planned a string of expansion and new projects for Caustic Soda and other products entailing a big investment of Rs 3,500 crore. The expansion projects involve augmenting the existing capacities of Caustic Soda, Chloromethane, and Phosphoric Acid besides Caustic Potash at its Dahej plant. The Caustic Soda capacity is being expanded by 1200 TPD, that of Chloromethane by 600 TPD, Phosphoric Acid by 300 TPD and the Caustic Potash to 120 TPD. A 120 Megawatt coal-based power project will also come up at Dahej as part of the expansion plan.
The company is also exploring the possibility of setting up a new Caustic Soda plant at Bhavnagar, Gujarat with a capacity of 600 TPD and another new plant in Eastern India with a capacity of 300 TPD. Alternatively the company may also consider acquiring an existing Caustic Soda manufacturing plant with a similar capacity in Eastern part of the country.
Gujarat Alkalies and Chemicals is engaged in business of manufacturing basic chemicals such as sodium cyanide, sodium ferrocyanide, chloromethanes, hydrochloric acid, caustic potash, potassium carbonate, phosphoric acid (85%) and hydrogen peroxide.
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