Gujarat Alkalies shines on introducing online order booking for dealers

21 Nov 2012

Gujarat Alkalies is currently trading at Rs. 137.90, up by 1.90 points or 1.40% from its previous closing of Rs. 136.00 on the BSE.

The scrip opened at Rs. 137.00 and has touched a high and low of Rs. 137.90 and Rs. 136.55 respectively. So far 1,406 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 145.00 on 23-Jan-2012 and a 52 week low of Rs. 100.00 on 24-Jul-2012.

Last one week high and low of the scrip stood at Rs. 139.90 and Rs. 134.05 respectively. The current market cap of the company is Rs. 1,012 crore.

The promoters holding in the company stood at 36.72% while Institutions and Non-Institutions held 18.63% and 44.65% respectively.

Gujarat Alkalies & Chemicals (GACL) has offered online order booking for the dealers of its caustic and other chemical products with an objective to bring transparency in pricing and efficiency in booking mechanism. Dealers would be allotted user ID and password to access the portal. Initially, only five products will be out for online booking. Further, dealers can book any quantity through the portal based on the average of the orders placed in the past four months.  Meanwhile, this is for the first time any state PSU has gone online for order booking.

Recently, the company was planning to set up another 10.5 MW wind farm project in Kutch district after commissioning 10.5 MW wind farm project during fiscal year 2011-12. It aims to increase total capacity of wind farm projects to 21 MW after this new project. Currently, GACL in association with Indian Institute of Chemical Technology (IICT) developing technology for manufacturing 8,000 TPA Hydrazine Hydrate Project.

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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