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BSE SENSEX
73,088.33
+599.34
+0.83 %
Corporate Announcement
Security Code
530001
Company
GUJARAT ALKALIES & CHEMICALS LTD.
Exchange Received Time
08/11/2019 12:44:19
Exchange Disseminated Time
08/11/2019 12:44:26
Time Taken
00:00:07
Disclosure Of Information Under Regulation 30(3) Of SEBI (LODR) Regulations, 2015 On Expansion Of Caustic Soda Plant And Installation Of 65 MW Coal Based Power Plant At Dahej Complex.
Ref.: Update To Our Letter Dated 07.12.2018 On The Above Subject. |
11/08/19 12:44
We would like to inform you that the Board of Directors of the Company, at its Meeting held on 07.11.2019, has approved the expansion of existing Caustic Soda Plant at Dahej Complex from 785 MTPD to 1310 MTPD (from 1200 MTPD earlier approved).
This upward expansion from earlier approved 1200 MTPD capacity to 1310 MTPD would lead to additional investment of Rs. 50 Crore over and above the Project Cost of Rs.825 Crore. Therefore, the estimated Project Cost considering the above upward expansion and installation of 65 MW of Coal based Power Plant at Dahej Complex would be Rs.875 Crores.
The Project, when implemented, will contribute approx. Rs.480 Crore in Sales of the Company at the prevailing market prices. The estimated figure of turnover remains unchanged due to decrease in the prevailing market price of Caustic Soda group.
The other details as provided in our letter dated 07.12.2018 with respect to implementation timeline and funding of the project cost would remain unchanged.
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