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GACL signs Memorandum of Understanding with Vedanta Ltd (Aluminium Business)

Gujarat Alkalies and Chemicals Ltd (GACL), has signed Memorandum of Understanding (MoU) with Vedanta Ltd (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 venture project or through contractual arrangements of mutual interest.