Gujarat Alkalies & Chemicals Ltd
NSE: GUJALKALI BSE: 530001
₹591.30
(1.99%)
Sat, 17 Oct 2026, 07:11 pm
Market Cap (in Cr)4438.9
PE Ratio65.45
Dividend2.93
Process Industries
Chemicals: Specialty
24.5KCompany History
1973
- The Company was Incorporated on 29th March, at Ahmedabad.
- The Company entered into an agreement with Friedrich Udhe GmbH, West Germany of the Hoechst Group for basic engineering outside India, procurement and supply of the imported machinery, performance warrants in respect of the plant, detailed engineering in India, assistance in the procurement of indigenous machinery and supervision over erection and commissioning.
1975
- 25,50,000 Shares issued at par in June 1975; 1,00,000 shares reserved for allotment to ICICI and 24,50,000 shares offered to the public.
1977
- 17,00,000 Right shares issued at par in prop. 2:5 during Sept./Oct. 1977.
1984
- 15,00,000 shares allotted in part conversion of 13.5% debs. on 1.4.1984.
1985
- 14,88,640 bonus shares issued in prop. 1:5 in March 1985.
1987
- 17,86,368 bonus shares allotted in prop. 1:5 on 29.12.1987.
- 64,30,925 Rights shares issued (prem. Rs 10 per share; prop. 3:5).
1988
- The Company commissioned a salt washery project to upgrade the quality of salt available in the country and to reduce brine purification cost.
- The Company made an application to the Government for a letter of intent to put up a float glass project in the joint sector with Modis and Guardian of U.S.A.
1990
- The project for the manufacture of 21,780 tonnes per annum, of electronic grade super dense soda ash was implemented.
- The Company undertook to set up a project for the manufacture of sodium hypochlorite.
- A caustic pre-concentration system was commissioned in March to increase the capacity of the caustic flaking unit from 50 tonnes to 80 tonnes per day.
1991
- The expansion of capacity of the chloromethanes plant from 10,560 MTA to 21,120 MTA at a cost of Rs 28 crores was implemented during December.
- The Company undertook conversion of balance mercury cells to membrane cells and thereby increase the capacity of caustic soda from 400 TPD to 465 TPD.
1992
- Conversion of mother liquor produced during manufacture of sodium cyanide into sodium ferrocyanide was commissioned during January.
- The Company undertook to set up a 11,000 tpa hydrogen peroxide project based on technology from Uhde GmbH, Germany.
- The Company received a letter for putting up a grass root 350 TPD Caustic-Chlorine plant in district Bharuch.
1993
- A project for manufacture of 16,500 tpa of phosphoric acid based on hydrochloric acid was under implementation at Dahej in Bharuch District.
- 107,46,946 Rights equity shares issued (Prop. 3:5; Prem. Rs 90).
1995
- The Company joined as one of the promoters of Gujarat Chemical Port Terminal Co. Ltd.
- The Company issued 67,28,000 warrants convertible into equal number of equity shares at a price of Rs 136.50 per share.
- The Company issued 86,78,592 - 12% secured redeemable partly convertible debentures of Rs 200 each on Rights basis.
1996
- The Company commissioned new Hydrogen Peroxide plant on a closely guarded technology availed from M/s. Uhde GmbH, Germany.
- The Company received letter of intent for setting up of 600 TPD grass root caustic-chlorine plant in Bharuch District.
- The Company promoted Gujarat Industries Power Company Ltd.
- A new company viz. Gujarat Alumina and Bauxite Ltd. was promoted in association with Gujarat Mineral Development Corporation Ltd. and Raytheon Engineers & Contractors USA.
2000
- Credit Analysis & Research has downgraded the ratings assigned to the Rs 95.4 crore partly convertible debenture issue and the Rs 45 crore non-convertible debenture issue of the company.
2002
- Appoints Mr P K Taneja as Managing Director of the company.
2003
- Appoints Mr A K Pradhan as the Government Director and Chairman of the company.
- Appoints Mr P K laheri as the Director & Chairman of the company.
- UTI Asset Management Company sells 921849 shares of the company in the secondary market.
2004
- The Company comes out with a rights issue of 2,75,41,966 Equity Shares of Rs.10/- each for cash at a premium of Rs.2.50 per share.
2007
- The State-owned Gujarat Alkalies and Chemicals Ltd (GACL) has secured the National Award for Excellence In Cost Management-2006.
2009
- Gujarat Alkalies & Chemicals Ltd has appointed Shri S Jagadeesan, IAS as a Director on the Board of Directors.
- Gujarat Alkalies & Chemicals Ltd has appointed Shri. Jayant Narayan Godbole as an Independent Director.
2011
- The Company has commissioned its new 14000 TPA Hydrogen Peroxide Plant (on 100% basis) at Dahej Complex.
2012
- The Company has recommended a Dividend of Rs.3/- per Equity Share (30% per equity share of Rs.10/- each fully paid-up.
- Gujarat Alkalies & Chemicals Ltd (GACL) has offered online order booking of its caustic and other chemical products.
2013
- The Company has recommended a Dividend of Rs. 3.50 per Equity Share of Rs. 10/- each fully paid-up (35%) for the year ended March 31, 2013.
2014
- The Company received Safety Awards - 2013.
- Gujarat Alkalies and Chemicals Ltd. has appointed Rajiv I. Modi and Pallavi S. Shroff as Independent Directors.
2015
- Gujarat Alkalies signs deal with CSIR-IICT for hydrazine hydrate.
- GACL commences piped supply of products from Dahej plant.
- GACL and NALCO inaugurates registered office of new JV Co.
2016
- Gujarat Alkalies and Chemicals Ltd updates on JV Project with NALCO.
2017
- GACL has implemented SAP ERP effective from 1st October, 2017.
- National Aluminium Company Ltd (NALCO) and GACL have launched a joint venture, GNAL, to set up the Rs 1,800-crore caustic soda plant.
- The company is implementing various projects including setting up a Rs 1,800 crore caustic soda plant, a food grade phosphoric acid unit, and a hydrogen peroxide plant.
2018
- Merger of Bhavnagar Energy Company Limited with Gujarat State Electricity Corporation Limited.
2019
- The remaining 12.5 MW Solar Power Plant has been commissioned on 16th September, 2019.
2020
- Gujarat Alkalies and Chemicals Limited updates on the establishment of Food Grade Phosphoric Acid Plant at Dahej.
- All plants at the Baroda Complex have started operating at full capacity.
2023
- GACL signs Memorandum of Understanding with Vedanta Ltd.
- GACL expands its Caustic Soda Lye Project and commissions the largest capacity Caustic Evaporation Unit in India at Dahej.
2024
- GACL signs Memorandum of Understanding with Vedanta Ltd (Aluminium Business).
- GACL Hosts Sectoral Workshop on Best Practices in Energy Efficiency in Chlor-Alkali Sector.
- GACL Honoured with Runner Up Trophy at Gujarat Cleaner Production Award 2017-18.
