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Corporate News

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(02 Jan 2024, 12:44)

Gujarat Alkalies & Chemicals signs MoU with Vedanta (Aluminium)

For exploring opportunities in areas of Caustic-Chlorine and other allied businesses

Gujarat Alkalies & Chemicals (GACL), has signed Memorandum of Understanding (MoU) with Vedanta (Aluminium Business) for exploring various business opportunities in the areas of Caustic-Chlorine and other allied businesses.

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.

With this MoU, both Companies have, in-principle, agreed to jointly explore the business opportunities either in the form of joint vent...

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