Gujarat Alkalies and Chemicals has received an approval to set-up a 15 MW Solar Power Plant on EPC basis at an estimated project cost of Rs 100 crore. The board of directors at its meeting held on November 10, 2016 has approved for the same.
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 (ECB) or Rupee Term Loans.
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.
