NALCO ties up with GACL for JV
Q. Aluminium major _____ has launched joint venture with Gujarat Alkalies and Chemicals Limited (GACL) to set up a caustic soda plant at an investment of Rs 1,800 crore, an official source said.- Published on 09 Dec 15a. BALCO
b. ALCO
c. NALCO
d. None of the above
ANSWER: NALCO
The two firms will come together to set up a caustic soda plant at Dahej in Gujarat. NALCO CMD T K Chand on 8th December 2015 laid the foundation stone of the proposed plant, a release here said. The new JV company GACL-NALCO Alkalies & Chemicals Private Limited, in which NALCO holds 40 per cent share capital, while GACL holds the rest, plans to produce 2.7 lakh tonnes of caustic soda per annum.
