Mumbai, May 19 — Shares of Gujarat Alkalies and Chemicals Ltd. (GACL) surged on Monday after the company announced board approval for a new Hydrochloric Acid (HCL) synthesis unit at its Dahej facility in Gujarat. The stock rose 1.63% to ₹662.80 on the BSE, up ₹10.60 from its previous close of ₹652.20.
The stock opened strong at ₹677.95 and touched an intraday high of ₹681.00 before settling lower amid mild profit booking. The day’s low was ₹653.05. Around 5,553 shares were traded during the session.
Key Project Details
According to an exchange filing, the company’s Board of Directors approved the installation of a 90-120 metric tonnes per day (MTPD) HCL synthesis unit on May 16, 2025. The estimated investment for the new unit is ₹35 crore.
The purpose of the new synthesis unit is to meet the captive consumption needs of GACL’s other manufacturing plants by utilizing an additional 80–100 tonnes of chlorine per day. This strategic move is expected to enhance operational efficiency and reduce dependence on external HCL procurement.
Market Reaction and Technicals
The announcement triggered positive investor sentiment, pushing the stock price upward despite market volatility. The scrip’s 52-week high stands at ₹900.00 (as of October 11, 2024), and its 52-week low is ₹484.00 (as of March 3, 2025). The current market capitalization of the company is approximately ₹4,843 crore.
In the past week, the stock has witnessed a high of ₹681.00 and a low of ₹619.50.
Shareholding Pattern
As per the latest available data:
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Promoters hold a 46.28% stake.
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Institutional investors own 5.88%.
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Non-institutional investors account for 47.84%.
About Gujarat Alkalies and Chemicals Ltd
GACL is one of India’s leading producers of Caustic Soda Lye and operates a diversified product portfolio including chlorine, hydrochloric acid, sodium chlorate, hydrogen peroxide, and various specialty chemicals. The company has been investing in capacity expansion and green chemistry projects to maintain its leadership in the chemicals manufacturing sector.
The installation of this new HCL synthesis unit aligns with the company’s long-term strategic plan to bolster self-reliance in raw material production and optimize chemical utilization across its plants.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
