Gujarat Alkalies and Chemicals Ltd. approves to set up 15 MW of solar plant

Gujarat Alkalies and Chemicals Ltd. has approved to put up a solar power on EPC basis.

At the meeting held on 10^th November 2016, Board of Directors of the Company has taken a decision to set up a 15 MW Solar Power Plant on EPC basis at an estimated project cost of Rs. 100 Crores.

The entire project cost will 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.

As of now, this is the only information available.

Source: BSEIndia