Gujarat Alkalies and Chemicals Limited has informed the Exchange regarding 'Disclosure Of Information Under Regulation 30 of The SEBI (ListingObligations And Disclosure Requirements) Regulations, 2015Regarding Execution of Share Purchase Agreement With Clean MaxEnviro Energy Solutions Limited for Setting Up 75.9 MW RenewableHybrid Power Project.'. For more details kindly refer attached file.
GUJALKALI · price
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Gujarat Alkalies and Chemicals Limited (GACL) has signed a Share Purchase Agreement with Clean Max Enviro Energy Solutions Limited to set up a 75.9 MW Renewable Hybrid Power Project. The disclosure has been made under Regulation 30 of SEBI Listing Regulations, indicating a formal joint venture arrangement between the two companies. The project will likely combine solar and wind power capacity, aligning with India's renewable energy push. Specific details on investment amount, equity structure, and project location are not disclosed in the headline.
This move signals GACL's entry into renewable energy, which could reduce long-term power costs for its chemical operations and improve ESG profile. Positive for shareholders as it diversifies the business and may lead to cost savings and sustainability-linked benefits.