GACL-NALCO Caustic Soda Project Delayed, Project Cost Increased by INR 300 Crore

GACL-NALCO Caustic Soda Project Delayed, Project Cost Increased by INR 300 Crore

  • 12-Aug-2020 2:00 PM
  • Journalist: Timothy Greene

In its quarter ending June results revealed on August 11,2020, Gujarat Alkalies & Chemicals Ltd. (GACL) has highlighted that the progress of its ongoing projects has been adversely affected due to the COVID-19 pandemic with nearly 4 to 6 months delay expected in the commissioning of its scheduled plants. After the announcement of quarterly results, GACL further revealed that there has been upward revision in project cost of GNAL (GACL-NALCO Alkalies & Chemicals) from INR 2000 crore to INR 2300 crore inclusive of GST. The additional cost of GACL- NALCO’s project of 800 TPD Caustic Soda plant at Dahej would be funded by the lenders and promoters in the debt-equity ratio of 70:30.

Related News

Global Caustic Soda Prices Show Mixed Trends in Mid February 2025
  • 25-Feb-2025 4:15 PM
  • Journalist: Peter Schmidt
Powering Smarter Decisions Baltic Exchange BCAA to Transform Chemical Shipping
  • 06-Feb-2025 9:00 PM
  • Journalist: Peter Schmidt
Caustic Soda Prices Remain Resilient in Asia During Mid January 2025
  • 24-Jan-2025 6:15 PM
  • Journalist: Patricia Jose Perez
European Caustic Soda Prices Show Volatility Amidst Demand Supply Imbalance
  • 01-Mar-2024 2:36 PM
  • Journalist: Robert Hume

We use cookies to deliver the best possible experience on our website. To learn more, visit our Privacy Policy. By continuing to use this site or by closing this box, you consent to our use of cookies. More info.