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State-run caustic soda major Gujarat Alkalies and Chemicals Ltd (GACL) has joined hands with National Aluminium Company (Nalco) for setting up 200,000 tonnes per annum (TPA) caustic soda project at Dahej in Gujarat.
"The feasibility report for the proposed project is currently on and is likely to be completed by October-November this year. GACL will have majority stake in the project, which will come up at Dahej in Gujarat," said MS Dagur, managing director, Gujarat Alkalies and Chemicals Ltd, which is the largest caustic soda manufacturer in India.
Although the investment for the project is yet to be finalised, the company expects the investment would be around Rs 700 crore. According to sources in the company, Nalco would source nearly 100,000 tonnes of caustic soda from the project.
The caustic soda project in joint venture with Nalco is expected to be set up over next two to three years. From an initial capacity of 37,425 TPA caustic Soda, GACL has now grown to be the largest producer in India with a capacity of 3,58,760 TPA spread over two complexes at Vadodara and Dahej in Gujarat.
The company is also developing technology for manufacturing of 8,000 TPA hydrazine hydrate project in association with Indian Institute of chemical technology (IICT).
It may be mentioned here that Nalco is jointly working with another Gujarat government owned company Gujarat Mineral Development Corporation (GMDC) for setting up alumina and aluminium smelter plant in Kutch district of Gujarat.
State-run mining major GMDC has sought around 1,500 acres of land in Mandvi taluka of Kutch district.
The project is for one million tonne alumina and 0.5 million tonne aluminium smelter and investment is around Rs 12,000 crore.