GUJALKALI

Feb 11 (Reuters) - Gujarat Alkalies And Chemicals Ltd GALK.NS:

• APPROVED INSTALLATION OF 200 TPD CAUSTIC SODA FLAKING UNIT

Source text: ID:nBSE6cqfBv

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Nov 7 (Reuters) - Gujarat Alkalies And Chemicals Ltd GALK.NS:

• SEPT-QUARTER CONSOL LOSS 181.8 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 9.91 BILLION RUPEES

Source text: ID:nBSE9ryg6h

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** Shares of Gujarat Alkalies and Chemicals GALK.NS up 2.2% at 828 rupees, their highest since Nov 11, 2022

** Chemical manufacturer inks Memorandum of Understanding (MoU) with Vedanta Ltd VDAN.NS to explore business opportunities in areas of caustic-chlorine and allied businesses

** Stock on track for third straight day of gains, if trend holds

** More than 638,000 shares traded, 3.7x the 30-day avg

** Stock gained 1.3% in 2023

(Reporting by Aleef Jahan)

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** Shares of Gujarat Alkalies and Chemicals GALK.NS falls as much as 5.7% to 700.55 rupees

** Co reported on Wednesday a consolidated loss of 183.7 mln rupees ($2.21 million) vs a profit of 605.4 mln rupees year ago

** Rev from ops fell 13.8% to 9.71 bln rupees; total expenses rose 7.1%

** Stock currently down 1.7%, dragging YTD losses down to 4.8%

($1 = 83.2520 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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** Shares of Gujarat Alkalies and Chemicals GALK.NS fall as much as 5.2% to 627.8 rupees, their lowest since April 25

** Co reported on Tuesday a consolidated loss of 571.6 mln rupees ($6.90 mln) vs a profit of 1.91 bln rupees year ago

** Rev from ops fell 19.1% to 9.13 bln rupees during the qtr

** Stock trading below moving average convergence divergence line (MACD), indicating bearish sentiment

** If trend stands, stock on track for a third consecutive session of losses

** More than 181,542 shares change hands vs 2.3x 30-day avg of 79,247 shares

** Stock down 13.7% YTD, as of last close

($1 = 82.8225 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Aug 8 (Reuters) - Gujarat Alkalies And Chemicals Ltd GALK.NS:

• HYDRAZINE HYDRATE, CHLOROMETHANE AND PHOSPHORIC ACID PROJECTS ARE UNDER STABILIZATION

Source text for Eikon: ID:nBSEbgNhwk

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June 22 (Reuters) - Gujarat Alkalies And Chemicals Ltd GALK.NS:

• ACHIEVED COMMERCIAL PRODUCTION OF PURIFIED PHOSPHORIC ACID AT DAHEJ COMPLEX

Source text for Eikon: ID:nNSEbF7qMQ

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** Shares of Gujarat Alkalies And Chemicals Ltd GALK.NS down as much as 5.4% to 645 rupees

** Stock hits lowest level since April 25, on track for a fourth consecutive session of losses if trends hold

** Stock posts biggest intraday pct loss since April 27

** Co reports a 67.8% YoY fall in Q4 consolidated net profit, while total expenses rise 17.3%

** Trading volume is ~200,000 shares as of 10:46 a.m. IST, around 0.5x the 30-day avg - Refinitiv data

** Stock down 11.1% this year, as of last close

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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May 22 (Reuters) - Gujarat Alkalies And Chemicals Ltd GALK.NS:

• DIVIDEND 23.55 RUPEES PER SHARE

• INDIA'S GUJARAT ALKALIES AND CHEMICALS MARCH-QUARTER CONSOL PROFIT 710.4 MILLION RUPEES VERSUS 2.21 BILLION RUPEES

• GUJARAT ALKALIES AND CHEMICALS MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 11.38 BILLION RUPEES VERSUS 11.41 BILLION RUPEES

Source text for Eikon: [ID:]

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May 19 (Reuters) - Gujarat Alkalies And Chemicals Ltd GALK.NS:

• GUJARAT ALKALIES AND CHEMICALS LTD - UPDATES ON LONG TERM LOANS TOTALING 14 BILLION RUPEES FROM GUJARAT STATE FINANCIAL SERVICES LTD

• GUJARAT ALKALIES AND CHEMICALS LTD - NOT AVAILED ANY LOAN FACILITIES FROM GUJARAT STATE FINANCIAL SERVICES, NOT ENTERED INTO FURTHER AGREEMENTS

Source text for Eikon: ID:nNSEbPtFWT

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** Shares of most Gujarat State public sector undertakings jumped on state govt policies for dividend, buy back, bonus and splitting of shares

** Barring Gujarat Gas Ltd GGAS.NS, all the other six listed state PSUs of Gujarat surged between 7% and 20%

** Gujarat Industries Power Ltd GJIP.NS up 20%; Gujarat State Fertilisers and Chemicals Ltd GSFC.NS and Gujarat Mineral Development Corp Ltd GMDC.NS rise over 15%

** Other state PSUs up between 7% and 10%

** Uptick after the state on Tuesday mandates 30% of profit after tax or 5% or net worth as the minimum threshold of dividend declared for shareholders

** Every state PSU with net worth of 20 bln rupees and cash and bank balance of 10 bln rupees asked to exercise the option of share buyback

** PSUs mandated to split shares when market price of the company's shares exceeds 50 times of its value

** PSUs to issue bonus shares if their defined reserves and surplus is equal to or more than 10 times of its paid up share capital

** "There is more clarity to minority shareholders and scope to improve governance," says Nilesh Shah, managing director at Kotak Mahindra Asset Management

(Reporting by Bharath Rajeswaran in Bengaluru)

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