GU­JARAT ALKALIES AND CHEM­I­CALS

Flash News Investment - - RECOMMENDATIONS -

{Ticker : 530001 { BUY: ₹612.90 { Tar­get: ₹692

GACL is one of the lead­ing pro­duc­ers of caus­tic soda in In­dia. It has formed a joint ven­ture with NALCO for set­ting up a new 800 TPD caus­tic soda plant in­te­grated with a 130 MW coal based power plant at Da­hej. It has ini­ti­ated many projects which in­clude in­creas­ing the pro­duc­tion ca­pac­ity for chloro­meth­anes plant from 110 TPD to 170 TPD at Vado­dara, which be­came op­er­a­tional in March 2018. It is ex­pand­ing hy­dro­gen per­ox­ide ca­pac­ity by putting an­other new 14,000 TPA plant at Da­hej and a 32,000 TPA poly alu­minium chlo­ride plant at Vado­dara. A new 1,05,000 TPA chloro­meth­anes plant & 33,870 TPA phos­phoric acid plant at Da­hej are un­der dif­fer­ent stages of im­ple­men­ta­tion. These prod­ucts have ap­pli­ca­tions across var­i­ous in­dus­tries. It plans to gen­er­ate rev­enue of Rs 5,000 crore by 2022. Thus, we rec­om­mend it as a BUY.

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