GHCL zooms 20% on expansion plans
The company plans to invest Rs 1,050 crore over the next 2-3 years for expanding its soda ash and textile capacity.
 "GHCL zooms 20% on expansion plans")
Shares of GHCL are locked at the upper circuit of 20% at Rs 117, also their 52-week high on the BSE, after the company announced plans to invest Rs 1,050 crore over the next 2-3 years for expanding its soda ash and textile capacity.
The company will spend Rs 950 crore in a two-phase soda ash expansion project at Sutrapada plant in Saurashtra (Gujarat), out of it will utilise Rs 100 crore in the next two years for expanding its textile business.
Speaking about expansion plans for the textile business during a conference call on August 3, 2015, R S Jalan, managing director, GHCL Ltd, said, “We foresee a good demand in the business in coming years and see a huge demand coming from our existing clients and new clients. We expect improvement in both top line and margin going forward. We target to invest Rs 100 crore over next two years in this business.” CLICK HERE TO READ FULL REPORT.
Till 02:10 PM, a combined 7.41 million shares changed hands and there were pending buy orders for 459,797 shares on the BSE and NSE.
The company will spend Rs 950 crore in a two-phase soda ash expansion project at Sutrapada plant in Saurashtra (Gujarat), out of it will utilise Rs 100 crore in the next two years for expanding its textile business.
Speaking about expansion plans for the textile business during a conference call on August 3, 2015, R S Jalan, managing director, GHCL Ltd, said, “We foresee a good demand in the business in coming years and see a huge demand coming from our existing clients and new clients. We expect improvement in both top line and margin going forward. We target to invest Rs 100 crore over next two years in this business.” CLICK HERE TO READ FULL REPORT.
Till 02:10 PM, a combined 7.41 million shares changed hands and there were pending buy orders for 459,797 shares on the BSE and NSE.