Gujarat Alkalies & Chemicals rose 1.04% to Rs 684.10 while Gujarat Mineral Development Corporation surged 6.81% to Rs 172.50.
The appointment of Adhia as chairman and director has been done by the Government of Gujarat. Adhia succeeds Raj Kumar in Gujarat Alkalies.
Hasmukh Adhia, IAS is a Gujarat Cadre officer of Indian Administrative Services. He commands a very vast and varied experience. He is at present non-executive chairman of Bank of Baroda, and also the chancellor of Central University of Gujarat. He serves as a member of board of governors of Indian Institute of Management, Bangalore. He serves as vice president in Gujarat Energy Research and Management Institute (GERMI) and Pandit Deendayal Energy University, Gandhinagar.
Gujarat Alkalies & Chemicals is a multi-product chemical manufacturing company, having various products in its basket and is one of the leading manufacturers of caustic soda lye.
GMDC is one of the leading mining players in India. The state-owned company currently has five operational lignite mines located in Kutch, South Gujarat, and Bhavnagar region. It is purportedly the largest merchant seller of lignite in the country. As on 31 March 2023, Government of Gujarat holds 74% stake in the company.
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