GHCL gains on getting lease renewal approval for Khadsaliya Lignite Mines in Gujarat
GHCL is currently trading at Rs. 607.95, up by 3.10 points or 0.51% from its previous closing of Rs. 604.85 on the BSE.
The scrip opened at Rs. 609.30 and has touched a high and low of Rs. 616.35 and Rs. 602.55 respectively. So far 5281 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 779.30 on 31-Jan-2025 and a 52 week low of Rs. 507.75 on 22-Jul-2024.
Last one week high and low of the scrip stood at Rs. 634.35 and Rs. 600.05 respectively. The current market cap of the company is Rs. 5825.81 crore.
The promoters holding in the company stood at 18.97%, while Institutions and Non-Institutions held 36.70% and 44.33% respectively.
GHCL has received lease renewal approval from Industries and Mines Department, Government of Gujarat, for its Khadsaliya Lignite Mines of 171 hectares at Khadsaliya Village, in Gujarat, for a period of twenty years i.e. up to December 08, 2043.
Earlier, the company had entered into a strategic Rs 950 crore memorandum of understanding (MoU) with the Government of Gujarat on December 20, 2023, for the development and commercial sale of secondary minerals, specifically Bentonite and Sand.
As a result, the Khadsaliya Mining Project will now evolve into a composite mining operation, encompassing both primary lignite mining and secondary mineral projects. This expansion represents a transformative opportunity for the region and aligns with its sustainability goals, circular economy principles, and commitment to resource optimization.
GHCL is engaged in primarily two segments consisting of Inorganic Chemicals (mainly manufacture and sale of Soda Ash) and Home Textile division (comprising of yarn manufacturing, weaving, processing and cutting and sewing of home textiles products).
