India’s GHCL to Invest Rs. 65 Billion in Soda Ash Plant Expansion

GHCL Ltd, one of the largest soda ash and industrial salt manufacturers in India, is planning to invest Rs. 65 billion to establish a one-million-tonne soda ash plant in Kutch, Gujarat, over a period of six years. With this investment, the company aims to nearly double its production capacity, targeting a 30% market share in … Read more

India’s GHCL Ltd receives nod for increase in Soda Ash production

GHCL Ltd. has received the requisite regulatory consent for raising its production capacity of Soda Ash by 100,000 tonnes per annum, the company informed the stock exchanges on Monday. The specialty chemicals and textiles manufacturer said that it has been granted the requisite regulatory consent amendment for increasing the production capacity of its Soda Ash … Read more

India’s Gujarat Heavy Chemicals Divests Home Textiles Business

GHCL announced that it entered into a business transfer agreement for divestment of its Home Textiles business to lndo Count Industries. The company said it expects to realise a consolidated sum of Rs 5.96 billion from the divestment of its business. As per the deal, the company will transfer its Home Textiles business for a … Read more

India’s GHCL Reports 30.2% Growth in YoY Q2FY22 Net Profit

GHCL Ltd., a soda ash manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 7.2% to Rs 1.09 billion for the period ended September 30, 2021 as against net profit of Rs 1.02 billion for the previous quarter. Net sales increased … Read more

GHCL Reports Decline in Sales and Net Profit for Q1 FY20-21

GHCL Ltd., a basic chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit declined 85% to Rs 12.95 crores ($1.7 million) for the period ended June 30, 2020 as against net profit of Rs 84.86 crores ($11.4 million) for the previous … Read more