Vedanta Aluminium signs MoU with Gujarat Alkalies and Chemicals Ltd

Vedanta Aluminium signs MoU with Gujarat Alkalies and Chemicals Ltd

Vedanta Aluminium

New Delhi, 3rd January 2024: Vedanta Ltd (Aluminium Business) has signed a Memorandum of Understanding (MoU) with Gujarat Alkalies and Chemicals Ltd (GACL), for exploring various business opportunities in the areas of Caustic-Chlorine and other allied businesses.

The MoU aims to recognize the potential of adding value to the businesses of both Vedanta Aluminium and GACL, by adopting a collaborative approach based on their complementary skills, strengths, and common business interests to achieve synergy. Accordingly, both companies desire to explore opportunities for cooperation 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.

Rabindra

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