Gujarat Alkalies and Chemicals has received approval from board of directors for setting up of an 30,000 TPA Chlorotoluenes Project at Dahej at an estimated cost of Rs 350 crore. This Project, when implemented, within 24 months from the commencement of engineering, would help the Company in consistently fulfilling the needs of its customers for these products and generate an estimated annual revenue of Rs 300 crore at current market rates.
The project cost shall be funded from internal accruals/surplus generated from internal operations and need based gap, if any, shall be met from External Commercial Borrowings (ECBs) or Rupee Term Loans. The board of directors of the Company at its meeting held on May 24, 2022 approved the same.
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.
Company Name | CMP |
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Tata Chemicals | 961.95 |
SRF | 2491.55 |
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Aarti Inds | 429.25 |
Atul | 6747.35 |
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