Deals5 Nov 2025, 08:08 pm
Gujarat Alkalies and Chemicals Ltd Executes Shareholders' Agreement for 75.9 MW Renewable Hybrid Power Project
AI Summary
Gujarat Alkalies and Chemicals Ltd (GACL) has executed a Shareholders' Agreement with Clean Max Enviro Energy Solutions Limited and Clean Max Sphere Energy Private Limited (SPV) for setting up a 75.9 MW Renewable Hybrid Power Project. The project is for 100% captive power consumption by GACL. The Shareholders' Agreement and Power Consumption Agreements were executed on 5th November 2025. GACL will consume 100% power from the SPV, and the Power Consumption Agreement will be valid for 25 years.
Key Highlights
- Gujarat Alkalies and Chemicals Ltd has executed a Shareholders' Agreement for a 75.9 MW Renewable Hybrid Power Project.
- The project is for 100% captive power consumption by GACL.
- The Shareholders' Agreement and Power Consumption Agreements were executed on 5th November 2025.
- GACL will consume 100% power from the SPV.
- The Power Consumption Agreement will be valid for 25 years.