The board of Gujarat Alkalies and Chemicals has approved setting up of a 39,600-tonnes per annum chlorotoluenes plant at the Dahej complex at an estimated cost of ₹120 crore. The company expects the project to be completed in 18 months. The project cost would be funded through internal accruals/surplus generated from international operations and, if necessary, also external commercial borrowings or rupee-term loan. The chlorotoluenes plant is expected to add ₹300 crore annual sales, the company said in a notice to the stock exchanges. Shares of Gujarat Alkalies closed a tad higher at ₹723.25 on the NSE.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.