Gujarat Alkalies To Set Up Hydrazine Hydrate Unit Through EPCM Mode
Gujarat Alkalies and Chemicals Limited has informed that the board of directors of the company at its meeting approved the following:
1. The establishment of 10,000 MTA (80%) Hydrazine Hydrate Project through EPCM mode at revised estimated cost of Rs.405.50 Crores including Interest During Construction (IDC). The Company is not producing Hydrazine Hydrate at present Therefore, there is no existing capacity of Hydrazine Hydrate.
2. The Project is planned to go on stream in 24 months from zero date at dahej, Gujarat.
3. The Project when implemented, will contribute approx. Rs.300 Crores in Sales of the Company at the prevailing market prices.
4. The cost of the said project shall be funded from internal accruals/surplus generated from internal operations and need-based gap, if any, shall be met from External Commercial Borrowings (ECB) or Rupee Term Loans