PTI | February 4, 2010
The 21 MW windmill project of the Gujarat Alkalies and Chemicals Limited (GACL) at the Maliya Miyana site in Rajkot district will be commissioned by March 2010, a top company official said on Thursday.
"In its endeavour to further reduce dependence on grid power, GACL is setting up an additional 21 MW wind mill project by March this year," Managing Director Guruprasad Mohapatra told PTI after a meeting of the board of directors of GACL approving the financial results for the third quarter ended on December 31, 2009.
The company is also likely to commission additional 100 tonnes per day (TDP) Flaker Unit, additional 50 TPD Caustic Soda by debottlenecking so as to further improve upon the top line and bottom line of the company, he said.
The company's earlier announced projects viz 90 MW captive power project, 600 TPD Chlor?Alkali project Hydrazine project, Hydrogen Peroxide, Polyols and Phenol Projects involving an investment of more than Rs 2600 crore are progressing as scheduled and are expected to go on stream by 2012, Mohaptra said.
He said that the company has gone ahead with new products like Calcium Chloride, Bleaching powder and Tolune Based Chemicals to improve its top Line.
Mohapatra said that the company has achieved net sales of Rs 309.38 crore for the quarter ended on December 31, 2009 against Rs 319.12 crore in the corresponding quarter of the previous year.
While net sales for the nine months ending December, 2009 remained at Rs 971.86 crore against Rs.1,047.83 crore in the corresponding period of the previous year, he added.
The profit before tax of third quarter stood at Rs 22.66 crore against Rs.45.27 crore in the similar period of the previous year, which Mohaptra said was mainly due to impact of erosion in price realisations for the Caustic Soda Group products in particular and prevailing recession and slowdown in Indian economy in general.
The Profit After Tax (PAT) for the quarter achieved to Rs.19.31 crore against Rs.32.45 crore in the GACL similar period of the previous year, he added.
Similarly, the Profit After Tax (PAT) remained at Rs.86.21 crore for the nine months ended on December 31, 2009, against Rs.170.69 crore in the corresponding period of the previous year.
Even as India continues to record more than 50,000 new Covid-19 infections every day for a week now, there was some hope in the rising number of recoveries as well, with a drop in the case fatality rate and a spike in the recovery rate. Thus, the country recorded the highest single day recov
History was created as prime minister Narendra Modi participated in the foundation-stone-laying ceremony for the new Ram Temple in Ayodhya on Wednesday, ending centuries of controversy. Modi performed Bhoomi Pujan at `Shree Ram Janmabhoomi Mandir`, in the presence of a very limited number o
The most joyous moment of a woman’s life is to breastfeed her baby for the first time. Breast milk is the foundation to build a strong bonding between mother and child and must not be missed by any newborn in its nutrition uptake. The World Health Organization (WHO) is encouraging people to “su
As part of its 3T strategy of focusing on testing, tracing and treating to contain the Covid-19 pandemic, India crossed a landmark, testing 2,02,02,858 COVID-19 samples so far. This is pursuant to the key strategy followed by state/UT governments under the guidance of the centre for managem
The continuing spread of COVID-19 has emerged as the biggest roadblock to development in 2020. Citizens across the globe have been breathing an air of panic, fear, and confusion, not knowing what lies ahead. The pandemic has hit some communities and countries harder than the others, requiring everyone to u
Senior BJP leader Kirit Somaiya has blasted BrihanMumbai Municipal Corporation (BMC) commissioner IS Chahal for taking credit for reducing the number of coronavirus infections in the in the slum sprawl of Dharavi, and wondered how could the authorities make boasts when 10,000-plus people have died.&n