Gujarat Alkalies gets in-principle nod for ₹55 Crore HCL Unit at Dahej
Gujarat Alkalies and Chemicals Limited's Board has granted in-principle approval for a new HCL synthesis Unit at Dahej, with an estimated project cost of ₹55 Crores. This unit aims to enhance chlorine utilization and optimize Caustic Soda production, with generated HCL to be used in the Phosphoric Acid plant.
The project involves a significant capital expenditure of ₹55 Crores and aims to enhance operational efficiency, which could have a material impact on the company's future performance.
The announcement details a strategic expansion project that is expected to improve production efficiency and optimize resource utilization, which is positive for the company's operations.
Gujarat Alkalies and Chemicals Limited (GACL) has received in-principle approval from its Board of Directors to establish an additional HCL synthesis Unit at its Dahej facility. The project is estimated to cost approximately ₹55 Crores.
This new HCL synthesis Unit is expected to significantly improve chlorine utilization, enabling the company to optimize its Caustic Soda production at Dahej. Furthermore, the additional HCL generated will be strategically utilized in the recently approved Phosphoric Acid plant, also located in Dahej.
The company has informed the stock exchanges about this development.
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