Gujarat Alkalies surges on getting nod to install 90-120 MTPD HCL synthesis unit at Gujarat
Gujarat Alkalies And Chemicals is currently trading at Rs 662.80, up by 10.60 points or 1.63% from its previous closing of Rs 652.20 on the BSE.
The scrip opened at Rs 677.95 and has touched a high and low of Rs 681.00 and Rs 653.05 respectively. So far 5553 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52-week high of Rs 900.00 on 11-Oct-2024 and a 52-week low of Rs 484.00 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs 681.00 and Rs 619.50 respectively. The current market cap of the company is Rs 4843.17 crore.
The promoters holding in the company stood at 46.28%, while Institutions and Non-Institutions held 5.88% and 47.84% respectively.
Gujarat Alkalies and Chemicals has received approval from Board of Directors for installation of a new 90-120 MTPD Hydrochloric Acid (HCL) synthesis unit at Dahej, Gujarat at an estimated investment of Rs 35 crore for captive consumption requirements in the Company's other plants. This will enable the Company to produce more HCL for captive consumption using about 80 to 100 tons additional Chlorine per day.
The Board of Directors of the Company, at its meeting held on May 16, 2025, has approved the same.
Gujarat Alkalies and Chemicals is a multi-product chemical manufacturing company, having various products in its basket and is one of the leading manufacturers of Caustic Soda Lye.
