GHCL signed Memorandums of Understanding (MoUs) worth ₹3,450 crore in Gujarat during Vibrant Gujarat Summit 2024

GHCL signed Memorandums of Understanding (MoUs) worth ₹3,450 crore in Gujarat during Vibrant Gujarat Summit 2024


 https://youtu.be/JWoq384FbHk?si=VGT7YnJnpxx6GAzn


  • GHCL Soda Ash business to benefit from the aforesaid announcement in the budget driving the growth for solar energy, housing and infrastructure sectors
  • Netzero by 2070 (Rooftop Solarisation,Non fossil fuel,E-vehicles)
  • Zero Net Debt; Cash surplus Rs. 625 crore
  • 2nd largest manufacturer of Soda Ash in India, with 26% market share
  • ROE: 33%
  • In a filing to the stock exchanges, the company said that the first MoU was signed for an investment worth ₹2,500 crore in the Kutch district of the state. The investment will be used for the second phase expansion of the Greenfield Soda Ash plant, along with establishing a new vacuum salt plant.
  • As per the details disclosed by GHCL, the second MoU was signed for an investment of ₹950 crore in Bhavnagar, which is in the Saurashtra region of Gujarat. The investment will be made towards the mining of bentonite and sand, which are both part of the overburden found during lignite mining
  • The company has stated that bentonite will primarily be used as a raw material for fertilisers, foundries, cosmetics, and pharma industries, among others, and will be marketed to these industries. At the same time, sand is used as a raw material in the construction industry.
  • The investment in these projects will be spread over a period of four years and will provide direct and indirect employment to more than 10,000 people
  • GHCL had entered into a strategic ₹950 crore Memorandum of Understanding (MoU) with the Government of Gujarat on 20/12/2023, 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 our sustainability goals, circular economy principles, and commitment to resource optimization.
    • Renewal of the mining lease of Lignite Mines for a period of twenty years i.e up to December 08, 2043. 
    • It is important to note that our Lignite mines are spread over an area of 171 hectares in Khadsaliya Village, Bhavnagar Taluka of Bhavnagar District in Gujarat.

 Thank you for contacting Rounaq! Please let us know how we can help you. 

Whatsapp: 7838491131

SEBI registered RA : Rounaq Bakshi
Waheguru

Comments

Post a Comment

Popular posts from this blog

Transcript of NMDC Limited post Q4 & FY 2024-25 Results

Image
Transcript of NMDC Limited post Q4 & FY 2024-25 Results Growth in PAT on an annual or a year-on-year 12-month basis of around 19% and PBT after exceptional item of around 16% Gold operations in Legacy, the first year was have also stabilized Legacy in the last 2 months, 3 months.  And hopefully, in this financial year, Legacy would also be showing good profits IMPORTS India which imports around 55 million, 60 million tons is likely to go up to 150 million to 160 million tons of import for India in terms of coking coal.  Have entered into arrangement with SAIL 60% of total sales as of date is routed through SAIL because send it to their stocking yard.  So based on the user charge, they also market mmdc products 40% still Nmdc market directly in terms of HR coils 2025 year will be much more substantially action packed in terms of NMDC Open new mines within India, coal and iron ore Outside India, we hope to acquire a few mines.  This will be a year where it will be ...
Read more

Looking to park some excess funds for the short term.?

Image
Looking to park some excess funds for the short term.  LiquidBeES by Nippon - has been the default choice for years. But lately, it’s become muscle memory to run everything past ChatGPT.  Just a quick: “Is there a better option than LiquidBeES?” It turns out, there is.  LIQUIDCASE by Zerodha AMC.  Difference was not subtle and decision was easier : - Expense ratio: Less than half of LiquidBeES - Net returns: ~6.2% vs ~5.7% (1-year annualized) - Same safety, same liquidity - AUM already >1/3rd of LiquidBeES in record time This is how discovery is changing. And this is how smart products go viral. Zerodha didn’t try to educate the market.  Discovery is no longer driven by ads or advisors.  It’s driven by habit, trust, and tools like ChatGPT. And when you get it right, traction follows fast. I won’t be surprised if LIQUIDCASE overtakes LiquidBeES in under 18 months. Thank you for contacting Rounaq! Please let us know how we can help you.  About me :...
Read more

𝐖𝐡𝐲 𝐃𝐨 𝐍𝐑𝐈𝐬 𝐈𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚?

Image
  𝐖𝐡𝐲 𝐃𝐨 𝐍𝐑𝐈𝐬 𝐈𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚? Whether you're living in the US, UAE, UK, or Singapore; India continues to be a hotspot for wealth creation. But why do so many NRIs still invest here? Here’s why 👇 ✅ Higher Returns – Indian equity markets, mutual funds, and even fixed deposits offer attractive long-term returns. ✅ Tax-Free Income – Interest from NRE and FCNR deposits is tax-free in India. Plus, DTAA helps avoid double taxation. ✅ Currency Edge – You invest in INR, and with the right timing, your gains in foreign currency terms could be even higher. ✅ Diversification – Indian assets like gold, real estate, and stocks add balance to a global portfolio. ✅ Future Ready – Planning to return to India someday? Build your base early with property or retirement-focused investments. ✅ Emotional Roots – Beyond numbers, India is still home. 💡 Whether it’s for wealth creation, retirement planning, or building assets back home, India offers a solid mix of growth + stability...
Read more