Gujarat Alkalies and Chemicals has received an approval for 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 crore. The Board of Directors of the company in its meeting held on December 6, 2018, approved the same.
The Project is planned to go on stream in 36 months from zero date. The Projects when implemented, will contribute approximately Rs 480 crore in Sales of the company at the prevailing market prices. Further, 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.
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.