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GACL, GAIL team up to establish bioethanol plant in Gujarat

Sumit Arora Published On December 21st, 2021 Leave a comment

Gujarat Alkalies and Chemicals Limited (GACL) and GAIL (India) Limited has signed a memorandum of understanding (MoU) for setting up a bioethanol plant with a production capacity of 500-kilo litre per day (KLD) in Gujarat. This MoU was signed on the lines of the roadmap launched by Prime Minister of India Narendra Modi for 20% Ethanol Blending in Petrol by 2025 in order to reduce the import of crude oil.

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The estimated project cost is Rs. 1,000 crores and it is expected to generate annual revenue of approximately Rs. 1500 crores. An estimated savings of USD 70 million per year in Foreign Exchange is also expected through this project.

Important takeaways for all competitive exams:

GAIL (India) Limited Founded: August 1984;
GAIL (India) Limited Headquarters: New Delhi, Delhi;
GAIL (India) Limited CMD: Manoj Jain.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.