Gujarat Alkalies and Chemicals has received an approval to set up 39600 MTPA Chlorotoluenes Plant at Dahej Complex at an estimated project cost of Rs 120 crore. The expected project completion date is 18 months from zero date.
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 (ECBs) or Rupee Term Loans. The Chlorotoluenes project when implemented would contribute to the annual sales revenue by around Rs 300 crore. The Board of directors of the company at its meeting held on February 06, 2018 has approved for the same.
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.
