Gujarat Alkalies and Chemicals (GACL) has registered a marginal dip in the net profits for the third quarter ended December 2010 at Rs 19.19 crore against Rs 19.31 crore in the corresponding period last year.
After the board meeting, Guruprasad Mohapatra, managing director, GACL, said, "The company has achieved net sales of Rs 344.04 crore for the quarter against Rs 309.38 crore in the corresponding quarter the previous year. The net sales for the nine months ended on December, 31 stood at Rs 1,022.45 crore against Rs 971.86 crore in the corresponding period of the previous year."
Similarly, the Profit After Tax is Rs 58.32 crore for the nine months ended on 31st December, 2010 as against Rs 86.21 crore in the corresponding period of the previous year. The company made this announcement in their meeting held at Gandhinagar today. The board has approved the financial results for the third quarter ended on December 31, 2010.The projects of 90 MW captive power project, 600 TPD Chlor-Alkali expansion project, Hydrazine project and Polyols project involving an investment of about Rs 2,600 crore are progressing as scheduled.
