Gujarat Alkalies and Chemicals Ltd (GACL), has signed a deal with Vedanta Ltd (aluminium business) for exploring various business opportunities in the areas of caustic-chlorine and other allied businesses.
The deal envisages to recognise 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. Both the brands plan to explore the opportunity for co-operation in greater detail so that the resources could be pooled together in a mutually beneficial manner.
As per the press release, with this deal, both brands 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.
