Gujarat Alkalies and Chemicals Limited announced establishment of 10,000 MTA (80%) Hydrazine Hydrate Project through EPCM mode at revised estimated cost of INR 4,055 million including Interest During Construction. The company is not producing Hydrazine Hydrate at present. Therefore, there is no existing capacity of Hydrazine Hydrate. The Project is planned to go on stream in 24 months from zero date The Project when implemented, will contribute approx. INR 3,000 million in sales of the company at the prevailing market prices. The cost of the said project shall 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.