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.