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Gujarat Alkalies board gives nod to building Dahej plant

| Updated on January 18, 2018 Published on July 29, 2016

The board of Gujarat Alkalies and Chemicals has approved the establishment of 14,000 tonnes per annum (tpa) hydrogen peroxide plant (100 per cent H2O2) at Dahej at an estimated project cost of ₹143.20 crore. The project is planned to go on stream in 20 months from date zero. The H2O2 project when implemented would contribute approximately ₹60-70 crore to annual sales revenue. The project cost will be funded from internal accruals/surplus generated from internal operations, while the need-based gap, if any, will be met from external commercial borrowings (ECB) or rupee term loans. The company has, at present, three H2O2 plants (one at Vadodara and two at Dahej) with aggregate capacity of 40,400 tpa. The stock of Gujarat Alkalies climbed 14.23 per cent at ₹247.60 on the NSE.

Published on July 29, 2016
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