Gujarat Alkalies and Chemicals, NALCO JV commissions new plant at Dahej

Gujarat Alkalies and Chemicals Ltd (GACL) had earlier announced 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.

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.

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.

Shares of Gujarat Alkalies and Chemicals Limited was last trading in BSE at Rs. 895.90 as compared to the previous close of Rs. 858.20. The total number of shares traded during the day was 147698 in over 6056 trades.

The stock hit an intraday high of Rs. 926.00 and intraday low of 865.60. The net turnover during the day was Rs. 133303354.00.

Source : Equity Bulls

Keywords

GujaratAlkaliesandChemicals INE186A01019 NALCO JV CausticSoda ProductionCommence