Guj Alkalies up 5% on agreements with 2 cos for Dahej plant

Moneycontrol BureauShare price of Gujarat Alkalies and Chemicals touched 52-week high of Rs 339.90, adds nearly 5 percent intraday Monday as it has signed an agreements with two companies for the establishment of plant in Dahej.The company has signed agreements with Chematur Engineering AB, Sweden for procuring technology, know-how, basic engineering services and with IBI Chematur, India for procuring detailed engineering and project management services for the establishment of 14000 MTPA Hydrogen Peroxide plant in Dahej.The plant is expected to be operated by the first quarter of financial year 2018-19.At 12:10 hrs Gujarat Alkalies and Chemicals was quoting at Rs 332.00, up Rs 7.20, or 2.22 percent on the BSEPosted by Rakesh Patil