Gujarat Alkalies and Chemicals Limited has informed the Exchange regarding 'Inauguration of Hydrogen Supply Pipeline to NOCIL Limited (NOCIL) at Dahej.'.We are please to inform you that today, the Company has inaugurated the Hydrogen supply pipeline to NOCIL Limited(NOCIL) at Dahej. For more information kindly refer attached file.
GUJALKALI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Gujarat Alkalies and Chemicals Limited (GACL) has inaugurated a dedicated hydrogen supply pipeline to NOCIL Limited at its Dahej facility. Under a 5-year agreement (renewable by mutual consent), GACL will supply approximately 20,000 Nm³/day of hydrogen to NOCIL. This new arrangement is expected to generate around Rs. 9 Crores in annual revenue. The deal is an arm's length commercial transaction between two unrelated companies, with no shareholding or related-party linkage between GACL and NOCIL.
While the Rs. 9 Crore annual revenue addition is relatively modest for a company of GACL's scale, the pipeline marks a steady stream of recurring income and demonstrates the company's expansion into industrial gas supply. Investors should view it as incremental positive news rather than a material earnings driver.