Guj. Alkalies & Chem

June 3 (Reuters) - Clean Max Enviro Energy Solutions Ltd CLEM.NS:

• GUJARAT ALKALIES AND CHEMICALS - CLEANMAX AND GACL PARTNER FOR 75.90 MW WIND AND 84.34 MWP SOLAR PROJECT IN GUJARAT

Source text: ID:nBSE9mKnW0

Further company coverage: CLEM.NS

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May 29 (Reuters) - Gujarat Alkalies And Chemicals Ltd GALK.NS:

• MARCH-QUARTER CONSOL PROFIT 149.8 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 11.25 BILLION RUPEES

• RECOMMENDS DIVIDEND OF 17.70 RUPEES PER EQUITY SHARE FOR FY ENDED MARCH 31, 2026

• APPROVES 5000 TPA HIGH PURITY HYDROGEN PEROXIDE PLANT AT DAHEJ WITH 670 MLN RUPEES INVESTMENT

Source text: [ID:]

Further company coverage: GALK.NS

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Repeats story with no changes to text

By Nidhi Verma

NEW DELHI, Jan 8 (Reuters) - India's Reliance Industries Ltd RELI.NS, operator of the world's largest refining complex, said on Thursday it would consider buying Venezuelan oil if it is permitted for sale to non-U.S. buyers.

"We await clarity on access for Venezuelan oil by non-U.S. buyers and will consider buying the oil in a compliant manner," a spokesperson at Reliance Industries said in an emailed response to Reuters' queries.

State-run refiners Indian Oil Corp IOC.NS and Hindustan Petroleum Corp HPCL.NS will also consider buying Venezuelan oil if sales are allowed to non-U.S. companies, industry sources said.

The two companies did not immediately respond to Reuters' requests for comment.

RELIANCE STOPPED BUYING VENEZUELAN OIL LAST YEAR

Caracas and Washington reached a deal this week to export up to $2 billion worth of Venezuelan crude, some 30-50 million barrels, to the United States, after U.S. forces captured President Nicolas Maduro on January 3.

Reliance stopped buying Venezuelan oil from March 2025 as President Donald Trump announced a 25% tariff on nations buying crude from the South American producer. The conglomerate received its last Venezuelan oil cargo in May last year.

Reliance's two refinery complexes in western Gujarat state, with a combined capacity of about 1.4 million barrels per day of crude oil, allow it to process cheaper and heavier crudes such as Venezuela's Merey.

"If Venezuelan barrels re-enter global markets, they are likely to come at a discount, improving feedstock optionality and economics for compatible refiners, even if volumes remain limited," said Sumit Ritola, lead research analyst, refining and modelling at Kpler.

AN ACCEPTABLE ALTERNATIVE TO RUSSIAN ENERGY?

India's HPCL-Mittal Energy, Nayara Energy, IOC, and Mangalore Refinery and Petrochemicals MRPL.NS have also imported Venezuelan oil in the past, LSEG trade flows show.

Ritola said Venezuelan oil offered India a 'politically acceptable diversification option' to Russian oil.

India has faced pressure from Western nations to curb Russian oil purchases after Moscow's invasion of Ukraine on concern oil revenue may be financing Russia's war effort.

The United States last year doubled tariffs on Indian goods to 50%, citing India’s heavy buying of Russian crude.

A Republican Senator said on Wednesday that Trump had 'greenlit' legislation aimed at sanctioning countries doing business with Russia.

While some state refiners and Nayara Energy are expected to continue importing Russian oil, Reliance has said it would not receive Russian oil in January. The decision could sharply cut India's Russian oil imports during the month to the lowest in years.

"We’ve already seen that Reliance has reduced its intake of Russian crude, which indicates refiners are willing and able to adapt when compliance or trade risks rise," Ritola said.

(Reporting by Nidhi Verma, Editing by Louise Heavens and Bernadette Baum)

(([email protected]; X: @nidhi712;))

Add details on state refiners' purchase plan in paragraph 3, and analyst comments and background in paragraphs 7-17.

By Nidhi Verma

NEW DELHI, Jan 8 (Reuters) - India's Reliance Industries Ltd RELI.NS, operator of the world's largest refining complex, said on Thursday it would consider buying Venezuelan oil if it is permitted for sale to non-U.S. buyers.

"We await clarity on access for Venezuelan oil by non-U.S. buyers and will consider buying the oil in a compliant manner," a spokesperson at Reliance Industries said in an emailed response to Reuters' queries.

State-run refiners Indian Oil Corp IOC.NS and Hindustan Petroleum Corp HPCL.NS will also consider buying Venezuelan oil if sales are allowed to non-U.S. companies, industry sources said.

The two companies did not immediately respond to Reuters' requests for comment.

RELIANCE STOPPED BUYING VENEZUELAN OIL LAST YEAR

Caracas and Washington reached a deal this week to export up to $2 billion worth of Venezuelan crude, some 30-50 million barrels, to the United States, after U.S. forces captured President Nicolas Maduro on January 3.

Reliance stopped buying Venezuelan oil from March 2025 as President Donald Trump announced a 25% tariff on nations buying crude from the South American producer. The conglomerate received its last Venezuelan oil cargo in May last year.

Reliance's two refinery complexes in western Gujarat state, with a combined capacity of about 1.4 million barrels per day of crude oil, allow it to process cheaper and heavier crudes such as Venezuela's Merey.

"If Venezuelan barrels re-enter global markets, they are likely to come at a discount, improving feedstock optionality and economics for compatible refiners, even if volumes remain limited," said Sumit Ritola, lead research analyst, refining and modelling at Kpler.

AN ACCEPTABLE ALTERNATIVE TO RUSSIAN ENERGY?

India's HPCL-Mittal Energy, Nayara Energy, IOC, and Mangalore Refinery and Petrochemicals MRPL.NS have also imported Venezuelan oil in the past, LSEG trade flows show.

Ritola said Venezuelan oil offered India a 'politically acceptable diversification option' to Russian oil.

India has faced pressure from Western nations to curb Russian oil purchases after Moscow's invasion of Ukraine on concern oil revenue may be financing Russia's war effort.

The United States last year doubled tariffs on Indian goods to 50%, citing India’s heavy buying of Russian crude.

A Republican Senator said on Wednesday that Trump had 'greenlit' legislation aimed at sanctioning countries doing business with Russia.

While some state refiners and Nayara Energy are expected to continue importing Russian oil, Reliance has said it would not receive Russian oil in January. The decision could sharply cut India's Russian oil imports during the month to the lowest in years.

"We’ve already seen that Reliance has reduced its intake of Russian crude, which indicates refiners are willing and able to adapt when compliance or trade risks rise," Ritola said.

(Reporting by Nidhi Verma, Editing by Louise Heavens and Bernadette Baum)

(([email protected]; X: @nidhi712;))

Sept 15 (Reuters) - Gujarat Alkalies And Chemicals Ltd GALK.NS:

• GUJARAT ALKALIES AND CHEMICALS LTD - REPORTS DAMAGE DUE TO FIRE INCIDENT

Source text: ID:nBSE803nVF

Further company coverage: GALK.NS

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May 16 (Reuters) - Gujarat Alkalies And Chemicals Ltd GALK.NS:

• INSTALLATION OF 90-120 MTPD HCL SYNTHESIS UNIT

Source text: ID:nBSE3RYl4F

Further company coverage: GALK.NS

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April 21 (Reuters) - Gujarat Alkalies And Chemicals Ltd GALK.NS:

• DISPATCHES FIRST CONSIGNMENT OF BENZYL CHLORIDE FROM NEW PLANT

Source text: ID:nBSE48RPvc

Further company coverage: GALK.NS

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

• APPROVED INSTALLATION OF 200 TPD CAUSTIC SODA FLAKING UNIT

Source text: ID:nBSE6cqfBv

Further company coverage: GALK.NS

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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

Further company coverage: GALK.NS

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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)

(([email protected]; +91 8805175330 ;))

** 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

Further company coverage: GALK.NS

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

• CO ACHIEVED COMMERCIAL PRODUCTION OF HYDRAZINE HYDRATE AT DAHEJ COMPLEX

Source text for Eikon: ID:nBSE6JlCgn

Further company coverage: GALK.NS

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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)

(([email protected]; +91 8805175330 ;))

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:]

Further company coverage: GALK.NS

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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

Further company coverage: GALK.NS

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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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