Gujarat Alkalies and Chemicals has informed that the Board of Directors of the Company has on 6th December, 2018 approved the expansion of existing Caustic Soda Plant of Dahej Complex from 785 MTPD to 1200 MTPD and also installation of 65 MW of Coal based Power Plant at Dahej at an estimated aggregate cost of Rs 825 Crores, The Project is planned to go on stream in 36 months from zero date. The Projects when implemented, will contribute approximately Rs 480 Crores in Sales of the Company at the prevailing market prices. The cost of the said project 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.
The above information is a part of company’s filings submitted to BSE.
