Categories: Agreements

GACL, GAIL team up to establish bioethanol plant in Gujarat

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.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

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.

Find More News Related to Agreements

Sumit Arora

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.

Recent Posts

Celebrating Good Governance Day- Honouring Atal Bihari Vajpayee’s Legacy

Good Governance Day, also known as Sushashan Diwas, is observed annually on December 25 in…

9 hours ago

President Appoints New Governors For Five States

In a significant move aimed at reorganizing governance and addressing political and administrative challenges, President…

13 hours ago

December 25th Current Affairs Challenge

Exams such as SSC, Banking, Railways, and state-level tests offer paths to prestigious positions in…

19 hours ago

What is the Old Name of Mysore?

Mysore, a city in the southern state of Karnataka, India, is famous for its rich…

1 day ago

India Squad For Champions Trophy 2025

The upcoming Champions Trophy 2025 marks the ninth edition of the ICC Champions Trophy, featuring…

1 day ago

ICC Champions Trophy Schedule 2025 Announced- India vs Pakistan

The 2025 ICC Champions Trophy is set to mark the ninth edition of this prestigious…

1 day ago