Gujarat Alkalies rises on inking agreements for Hydrogen Peroxide plant at Dahej

20 Sep 2016

Gujarat Alkalies and Chemicals is currently trading at Rs. 333.95, up by 5.75 points or 1.75% from its previous closing of Rs. 328.20 on the BSE.

The scrip opened at Rs. 327.40 and has touched a high and low of Rs. 339.90 and Rs. 327.40 respectively. So far 40,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 339.90 on 19-Sep-2016 and a 52 week low of Rs. 130.10 on 01-Mar-2016.

Last one week high and low of the scrip stood at Rs. 339.90 and Rs. 308.00 respectively. The current market cap of the company is Rs. 2,452.00 crore.

The promoters holding in the company stood at 46.28%, while Institutions and Non-Institutions held 7.28% and 46.44% respectively.

Gujarat Alkalies and Chemicals has signed an agreements with Chematur Engineering AB, Sweden for procuring technology, know-how, basic engineering services and with IBI Chematur (Engineering & Consultancy), India for procuring detailed engineering and project management services for the establishment of 14000 MTPA Hydrogen Peroxide Plant at Dahej. The plant is expected to be operated by the first quarter of Financial Year 2018-19.

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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