Gacl-Nalco Alkalies & Chemicals Pvt. Ltd.

About the Project

GNAL is putting up a green field project of caustic soda plant and, to meet its power and steam requirements, a coal based captive co-generation power plant in Plot No. D-II/9, at Dahej.

Environment Clearance

Plant Capacities
Sr. No Name of Product Capacity of Plant
1 Caustic Soda (100% w/w) 2,88,000 MTPA
2 Chlorine Gas 2,55,600 MTPA
3 Hydrochloric Acid 66,960 MTPA
4 Hydrogen Gas 7,200 MTPA
5 Sodium Hypochlorite 12,240 MTPA
By Product Quantity
1 Dilute Sulphuric Acid (78-80%) 5,760 MTPA
Power Plant Capacity of Plant
1 Coal Base Power Plant (2 X 65 MW) 130 MW
Technology

TechnologyThe caustic soda plant will be based on the latest membrane cell technology which is the most energy efficient and environment friendly one available today.

The captive power plant will be coal based, using the most efficient and the latest Circulating Fluidised Bed Combustion (CFBC) technology with design flexibility for using 100% indigenous coal to 100% imported coal including blending with lignite.

Project Cost & Finance

TechnologyThe total cost for GNAL Project was estimated at Rs. 2300 crore which was financed by way of Promoter Equity Contribution of Rs.690 crore (GACL – 60% - Rs.414 crs and NALCO – 40% - Rs.276 crs) and Bank Debt of Rs. 1610 crore in a Debt to Equity ratio of 70:30. GNAL has tied up the debt by way of Rupee Term Loan (RTL) of Rs.880 crore from Punjab National Bank and External Commercial Borrowings (ECB) of 100 million US $ (Rs.730 crore) from State Bank of India, GIFT City branch. The outstanding loan due to RTL as on 30.06.2025 is Rs.656 Crs. GNAL has fully paid the ECB loan of USD 100 Million loan to SBI.

In FY 24-25 GNAL issued Compulsory Convertible Debentures (CCDs) worth Rs. 500 crore to IndusInd Bank Limited with a tenor of five years, with a mandatory buyout obligation by GACL and NALCO in proportion to their respective shareholdings (60:40).

Also company has got loan from Gujarat State Financial services (GSFS) of Rs. 250 crs and Rs. 355 crores .The outstanding balance as on 30.06.2025 is Rs.574.28 Crs.

Additionally, the company has secured working capital facilities of Rs.220 crore from Punjab National Bank and State Bank of India, in a 50:50 ratio for fund-based and non-fund-based limits

Consultants for the Project
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