Gujarat Alkalies gets nod for establishment of Hydrazine Hydrate Project at Dahej

27 May 2016

Gujarat Alkalies and Chemicals has received its board's approval for establishment of 10000 TPA (80%) Hydrazine Hydrate Project at Dahej with an estimated project cost of Rs 160 crore. The project is planned to go on stream in 24 months from the zero date. The technology for this process has been developed by the company jointly with Indian Institute of Chemical Technology, Hyderabad. The Hydrazine Hydrate Project when implemented would contribute to the annual sales revenue by approx. Rs 200 crore. The board of directors at its meeting held on May 26, 2016 has approved for the same.

Further, the company’s board has also approved the establishment of 33,870 TPA Food grade Phosphoric Acid Project at Dahej with an estimated cost of Rs 300 crore. The project is planned to go on stream in 30 months from the zero date. The discussions on Technology selection are on. The Phosphoric Acid Project when implemented would contribute to the annual Bales revenue by approximately Rs 200 crore.

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.

Related Gujarat Alkalies & Chemicals Ltd. Links:

Guj. Alkalies & Chem Share Price

383.15 -0.40 (-0.10%) Dec 13, 18:01
1 Year Price Chart
Peers
Company Name CMP
Tata Chemicals 667.15
Pidilite Inds. 1324.00
Aarti Inds 771.45
Atul 4037.70
Jubilant LifeScience 526.55
View more..
Sensex vs Guj. Alkalies & Chem
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463