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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, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.