The company said that the MoU envisages to recognize the potential of adding value to the business of both GACL and Vedanta Aluminium by adopting a collaborative approach based on their complimentary skills, strengths, and common business interests to achieve synergy. Accordingly, both the companies desire to explore the opportunities for co-operation in greater detail so that the resources could be pooled together in a mutually beneficial manner, it added.
With this MoU, both companies have, in-principle, agreed to jointly explore the business opportunities either in the form of joint venture project or through contractual arrangements of mutual interest, the company stated in the press release.
Vedanta, a subsidiary of Vedanta Resources, is one of the world’s leading natural r...
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