Gujarat Alkalies and Chemicals Limited has informed the Exchange about General Updates: Shareholders'' Agreement Among Gujarat Alkalies and Chemicals Limited (GACL), Clean Max Enviro Energy Solutions Limited and Special Purpose Vehicle (SPV) Company I.E. Clean Max Sphere Energy Private Limited & Power Consumption Agreements And Other Related Agreement(S) Between GACL and SPV Company For Setting Up 75.9 MW Renewable Hybrid Power Project For 100% Captive Power Consumption By GACL
GUJALKALI · price
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Gujarat Alkalies and Chemicals Limited (GACL) has signed a Shareholders' Agreement with Clean Max Enviro Energy Solutions Limited and its Special Purpose Vehicle (SPV), Clean Max Sphere Energy Private Limited, to set up a 75.9 MW Renewable Hybrid Power Project. GACL has also entered into Power Consumption Agreements and other related agreements with the SPV. The entire power generated will be used for 100% captive consumption by GACL, supporting its energy needs through renewable sources.
This move helps GACL secure a long-term, cost-effective, and sustainable power supply for its operations, potentially lowering energy costs and improving its environmental footprint. The partnership with a reputed clean energy player like Clean Max is a positive signal for shareholders focused on ESG and operational efficiency.