Gujarat Alkalies and Chemicals is currently trading at Rs. 817.60, up by 2.80 points or 0.34% from its previous closing of Rs. 814.80 on the BSE.
The scrip opened at Rs. 829.95 and has touched a high and low of Rs. 829.95 and Rs. 809.65 respectively. So far 6207 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 836.95 on 02-Jan-2024 and a 52 week low of Rs. 556.05 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 836.95 and Rs. 768.00 respectively. The current market cap of the company is Rs. 5999.06 crore.
The promoters holding in the company stood at 46.28%, while Institutions and Non-Institutions held 3.84% and 49.88% respectively.
Gujarat Alkalies and Chemicals (GACL) has signed Memorandum of Understanding (MoU) with Vedanta (Aluminium Business) for exploring various business opportunities in the areas of Caustic-Chlorine and other allied businesses.
The MoU envisages to recognize the potential of adding value to the business of both GACL and Vedanta Aluminium by adopting a collaborative approach based on their complimentary skills, strengths, and common business interests to achieve synergy. Accordingly, both the Companies desire to explore the opportunities for co-operation in greater detail so that the resources could be pooled together in a mutually beneficial manner.
With this MoU, both Companies have, in-principle, agreed to jointly explore the business opportunities either in the form of joint venture project or through contractual arrangements of mutual interest.
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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