Gujarat Alkalies resume partial production; hit upper circuit

Gujarat Alkalies & Chemicals (GACL) on Tuesday informed the bourses that it has started partial operation of poly aluminium chloride (PAC) and hydrogen peroxide plants at Dahej complex and chloromethane & poly aluminium chloride (PAC) plants at Vadodara complex based on the requirements of various municipal corporations and other essential industries, after obtaining necessary permission from the concerned authorities.

The company further said that anhydrous aluminium chloride (AAC) plant at Dahej complex and hydrogen peroxide plant at Vadodara complex would start after a few days. Based on the requirement, the company may start the operation of other plants as well.

In response to this, the stock of Gujarat Alkalies in today's trading session opened gap up at Rs 330 apiece and later locked in the upper circuit at Rs 333.95, up by 10 per cent from its previous close.

GACL is engaged in the business of manufacturing basic chemicals such as sodium cyanide, sodium ferrocyanide, chloromethane, hydrochloric acid, caustic potash, potassium carbonate, phosphoric acid (85 per cent) as well as hydrogen peroxide.