State-run caustic soda major Gujarat Alkalies and Chemicals Ltd (GACL) has joined hands with National Aluminium Company (Nalco) for setting up 200,000 tonnes per annum (TPA) caustic soda project at Dahej in Gujarat.

"The feasibility report for the proposed project is currently on and is likely to be completed by October-November this year. GACL will have majority stake in the project, which will come up at Dahej in Gujarat," said MS Dagur, managing director, Gujarat Alkalies and Chemicals Ltd, which is the largest caustic soda manufacturer in India.

The price of carbon credits is likely to double this year, due to a recovery in demand from the European Union.

A recent report by Barclays Capital, the global consultancy firm, forecast the Certified Emission Reduction (CER) price to surge 92 per cent in the first half of this year. Indian analysts estimate it would almost double before the end of 2012. Currently, a CER unit for near-month delivery on the European Energy Exchange is quoted at 3.55 euros.

Gandhinagar: The Gujarat government has decided to seek directions from the central government on whether to continue with the implementation of the agreement between Dow Chemical Company and the state-owned Gujarat Alkalies and Chemicals Ltd (GACL).

Ahmedabad: Leader of opposition in Gujarat legislative assembly Shaktisinh Gohil alleged that chief minister Narendra Modi was

Rajiv Shah | TNN

Gandhinagar: Gujarat government is starting to show its reservations on whether to continue implementing the agreement between Gujarat Alkalies and Chemicals Ltd (GACL), a state PSU, and Dow Chemicals Company, reached in April 2008 to set up a Rs 600-crore plant to produce chloromethane.