Vedanta Aluminium signs MoU with Gujarat Alkalies

03 Jan 2024 CW Team

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

The MoU aims to recognise the potential of adding value to the businesses of both Vedanta Aluminium and GACL, by adopting a collaborative approach based on their complimentary skills, strengths, and common business interests to achieve synergy. Accordingly, both companies desire to explore opportunities for co-operation in greater detail so that resources can be pooled together in a mutually beneficial manner. This is also in line with Vedanta Aluminium?s efforts towards vertical integration.

With this MoU, both companies have, in-principle, agreed to jointly explore business opportunities either in the form of a joint venture project or through contractual arrangements of mutual interest.

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