Gujarat Alkalies and Chemicals Limited — Important, 26-03-2025: General Updates

Gujarat Alkalies and Chemicals Limited has announced a board meeting to discuss its participation in a preferential issue of equity shares in Gujarat Industries Power Company Limited (GIPCL). The company has committed ₹44.99 crore for acquiring 19,82,378 shares at an issue price of ₹227 per share, aimed at supporting GIPCL in setting up a 75 MW AC Solar Power Plant. Post-acquisition, GACL's holding in GIPCL will increase to 16.15%. This investment not only strengthens GACL's stake in renewable energy but also aligns with its strategic focus on cost-effective power supply, enhancing long-term operational stability. Investors might view this move positively, signifying a commitment to sustainable energy and operational efficiency.