Gujarat Alkalies & Chemicals Ltd Share Price – NSE  /  BSE

Chemicals, Small Cap

Net loss of Gujarat Alkalies & Chemicals reported to Rs 115.12 crore in the quarter ended December 2023 as against net profit of Rs 87.17 crore during the previous quarter ended December 2022. Sales declined 17.98% to Rs 920.90 crore in the quarter ended December 2023 as against Rs 1122.79 crore during the previous quarter ended December 2022.

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Gujarat Alkalies & Chemicals has revised the meeting of the Board of Directors which was scheduled to be held on 1 February 2024. The meeting will now be held on 3 February 2024.

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Gujarat Alkalies & Chemicals will hold a meeting of the Board of Directors of the Company on 1 February 2024.

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Gujarat Alkalies & Chemicals (GACL), has signed Memorandum of Understanding (MoU) with Vedanta (Aluminium Business) for exploring various business opportunities in the areas of Caustic-Chlorine and other allied businesses.

The MoU envisages to recognize the potential of adding value to the business of both GACL and Vedanta Aluminium by adopting a collaborative approach based on their complimentary skills, strengths, and common business interests to achieve synergy. Accordingly, both the Companies desire to explore the opportunities for co-operation in greater detail so that the resources could be pooled together in a mutually beneficial manner.

With this MoU, both Companies have, in-principle, agreed to jointly explore the business opportunities either in the form of joint venture project or through contractual arrangements of mutual interest.

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