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GUJARAT ALKALIES & CHEMICALS LTD. - Sub.: Signing Of Term Sheet Between The Company (GACL) And GAIL (India) Limited (GAIL) For Setting Up A 500 KLD Bioethanol Plant In Gujarat.
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10 May 2022
We had, vide our letter dated 17th December 2021, informed the Exchanges about the signing of Memorandum of Understanding (MoU) between the Company (&apos;GACL&apos;) and GAIL (India) Limited (&apos;GAIL&apos;) for setting up a 500 KLD Bioethanol plant in Gujarat. In continuation of the same, we would like to inform that GACL and GAIL have today, i.e. on 10th May 2022, signed Term Sheet for setting up a 500 KLD Bioethanol plant in Gujarat. A Detailed Feasibility Report (DFR) is under preparation through a consultant. Based on outcomes of the DFR and other conditions precedents, both the Parties will mutually decide to enter into definitive agreement(s). We are enclosing herewith a copy of Press Note to be published in the newspapers. We request you to kindly take note of the above.
View all announcements for GUJARAT ALKALIES & CHEMICALS LTD. Source: BSE India

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