Gujarat Alkalies and Chemicals Limited has informed the Exchange about General Updates. This is further to our letter dated 24.04.2025, we are pleased to inform you, we have been informed by GIPCL today that the balance 50 MW GIPCL Solar Project has been made operative. For more details, 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 announced that the balance 50 MW of the GIPCL Solar Project has become operative, completing the full 75 MW AC Solar Power Plant being set up by GIPCL under the Group Captive mode. GACL, which holds a 50% share, will now receive solar power from the full 25 MW allocated to it (earlier only 12.50 MW was live from 24.04.2025). The company stated the entire project is now under stabilization. Importantly, this is expected to reduce GACL's overall power cost, a key input for its chemicals manufacturing operations.
Positive for shareholders — full commissioning of the captive solar project should lower GACL's power expenses and improve margins over time, supporting cost competitiveness in its chlor-alkali and chemical businesses.