Gujarat Alkalies surges on partnering with CleanMax to source hybrid renewable energy
Gujarat Alkalies And Chemicals is currently trading at Rs. 691.85, up by 26.70 points or 4.01% from its previous closing of Rs. 665.15 on the BSE.
The scrip opened at Rs. 665.05 and has touched a high and low of Rs. 695.00 and Rs. 662.90 respectively. So far 8461 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 815.00 on 06-May-2026 and a 52 week low of Rs. 410.00 on 16-Mar-2026.
Last one week high and low of the scrip stood at Rs. 815.00 and Rs. 658.05 respectively. The current market cap of the company is Rs. 5080.73 crore.
The promoters holding in the company stood at 47.28%, while Institutions and Non-Institutions held 4.67% and 48.05% respectively.
Gujarat Alkalies and Chemicals has partnered with Clean Max Enviro Energy Solutions (CleanMax) to source hybrid renewable energy for its manufacturing operations in Gujarat. The project will comprise of 75.90 MW of wind capacity and 84.34 MWp of solar capacity, from which hybrid renewable energy will be supplied to the company’s Dahej and Vadodara units under the group captive structure.
100% power generated from the said facilities will be utilized by the company. This will support the company's transition toward cleaner and more sustainable industrial operations and will contribute towards its Nation's commitment for achieving net-zero carbon emissions. The project is being implemented across four of Clean Max's renewable energy sites in Gujarat, Viz. Kalikanagar, Aji Dahisarda, Rajula and Ghuntu. Together, this project is expected to generate around 36.9 crore units of clean power annually. This generation is anticipated to reduce CO2 emissions by around 2,64,204 tons per year and is equivalent to the environmental benefit of planting nearly 15.27 million trees annually.
The project is being executed in two phases across multiple renewable energy sites in Gujarat. Phase 1 comprises 16.50 MW of wind capacity and 21.701 MWp of solar capacity, while Phase 2 comprises 59.40 MW of wind capacity and 62.64 MWp of solar capacity. Both the phases will be commissioned in in accordance with the contractual timelines as agreed between CleanMax and the company. Once commissioned, it will supply hybrid renewable power to the company’s manufacturing units. The partnership marks another step toward enabling large scale industrial decarbonisation in India.
