The Board of Gujarat Alkalies & Chemicals at its meeting held on 07 November 2019 has approved the expansion of existing Caustic Soda Plant at Dahej Complex from 785 MTPD to 1310 MTPD (from 1200 MTPD earlier approved). This upward expansion from earlier approved 1200 MTPD capacity to 1310 MTPD would lead to additional investment of Rs. 50 crore over and above the Project Cost of Rs.825 crore. Therefore, the estimated Project Cost considering the above upward expansion and installation of 65 MW of Coal based Power Plant at Dahej Complex would be Rs.875 crore.

The Project, when implemented, will contribute approx. Rs.480 Crore in Sales of the Company at the prevailing market prices. The estimated figure of turnover remains unchanged due to decrease in the prevailing market price of Caustic Soda group.

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Net profit of Gujarat Alkalies & Chemicals declined 41.35% to Rs 102.26 crore in the quarter ended September 2019 as against Rs 174.37 crore during the previous quarter ended September 2018. Sales declined 9.45% to Rs 698.81 crore in the quarter ended September 2019 as against Rs 771.72 crore during the previous quarter ended September 2018.

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Net profit of Gujarat Alkalies & Chemicals declined 41.54% to Rs 102.31 crore in the quarter ended September 2019 as against Rs 175.01 crore during the previous quarter ended September 2018. Sales declined 9.45% to Rs 698.81 crore in the quarter ended September 2019 as against Rs 771.72 crore during the previous quarter ended September 2018.

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Thyrocare Technologies Ltd, Bajaj Electricals Ltd, NMDC Ltd and Lupin Ltd are among the other losers in the BSE's 'A' group today, 07 November 2019.

Gujarat Alkalies & Chemicals Ltd lost 7.36% to Rs 422.8 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 14274 shares were traded on the counter so far as against the average daily volumes of 2455 shares in the past one month.

Thyrocare Technologies Ltd crashed 5.16% to Rs 557.6. The stock was the second biggest loser in 'A' group.On the BSE, 6348 shares were traded on the counter so far as against the average daily volumes of 3010 shares in the past one month.

Bajaj Electricals Ltd tumbled 5.14% to Rs 335. The stock was the third biggest loser in 'A' group.On the BSE, 39260 shares were traded on the counter so far as against the average daily volumes of 7122 shares in the past one month.

NMDC Ltd corrected 4.93% to Rs 107.9. The stock was the fourth biggest loser in 'A' group.On the BSE, 3.87 lakh shares were traded on the counter so far as against the average daily volumes of 4.5 lakh shares in the past one month.

Lupin Ltd dropped 4.26% to Rs 739.25. The stock was the fifth biggest loser in 'A' group.On the BSE, 96319 shares were traded on the counter so far as against the average daily volumes of 53389 shares in the past one month.

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