By Bizodisha Bureau, Bhubaneswar, June 24, 2015 : The aluminum major National Aluminium Company Limited (NALCO) on Tuesday signed a Joint Venture-cum-Share Holders’ Agreement with Gujarat Alkalies and Chemicals Limited (GACL), a Govt. of Gujarat promoted company, for the establishment of an integrated caustic soda plant and captive power plant at Dahej, Gujarat, at an estimated cost of Rs 1789 crore.

This is first such backward integration initiative of NALCO.

The Caustic Soda Plant will have the capacity to produce 2.7 lakh tons per annum while the proposed captive power plant will generate about 100 MW. The estimated cost of the project is Rs.1789 crore. NALCO will hold 40% equity in the project and the balance equity will be held by GACL.

The agreement was signed here by Nalco chairman cum managing director, N.R. Mohanty, and GACL managing director, A.M. Tiwari,

Senior officials of Nalco GACL were present on the occasion.