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State-promoted Gujarat Alkalies and Chemicals Ltd (GACL) is considering setting up a project to manufacture 1.5 lakh tonne per annum of propylene oxide and its downstream products.
Addressing the listed company’s 38th annual general meeting held at Vadodara on Friday, its Chairman, Mr A.K. Joti, said the proposed plant would manufacture propylene oxide and its downstream products such as propylene glycol and polyols with world-renowned technologies.
About the company’s ongoing projects, he said the 20,000 TPA sodium chlorate project, 21 MW wind farm, 8,000 TPA hydrazine hydrate project, 2 lakh TPA caustic soda project and 2 lakh TPA chloromethane project would be completed as scheduled over the next 3 to 4 years.
The company’s turnover in 2010-11 was Rs 1,561 crore on a PBT of Rs 127 crore.
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