GHCL

The company's board approved an additional capex of Rs 350 crore for the development of Zara Zumara Salt Field work in Kutch, Gujarat

Chemical firm GHCL Ltd has posted an 8 per cent increase in its consolidated net profit to Rs 154.83 crore for the quarter ended September. Its net profit stood at Rs 142.84 crore in the year-ago period. Total income declined to Rs 810.23 crore in the July-September period of this fiscal from Rs 816.65 crore in the corresponding period of the preceding year, according to a regulatory filing on Tuesday. GHCL Limited is engaged in the manufacture of soda ash (Anhydrous Sodium Carbonate). Through a demerger, it has separated its spinning business into GHCL Textiles Ltd. "We are glad to report a resilient Q2 performance, with a clear focus on operating excellence. Realizations stayed tempered during the quarter despite some increase in net imports of soda ash," R S Jalan, Managing Director of GHCL, said. Going forward, globally, the pricing may remain range-bound as industry challenges have not yet fully resolved and potential risks persist due to the ongoing geopolitical situations,

GHCL has been allotted 6,449 hectares of land in Kutch for salt production on a 30-year lease; stock up 40 per cent so far in FY25.

The MoU was signed in the presence of Chief Minister M K Stalin, senior ministers, and officials of the Government of Tamil Nadu

Leading soda ash maker GHCL Ltd on Tuesday reported a decline of 51.45 per cent in its consolidated net profit to Rs 142.84 crore in the second quarter ended September 2023. It had reported a net profit of Rs 294.25 crore in the July-September quarter a year ago, according to a regulatory filing from GHCL. Its revenue from operation was down 31.53 per cent to Rs 805.42 crore during the quarter, in comparison to Rs 1,176.37 crore a year ago. Total expenses in the September quarter were at Rs 625.19 crore, down 22 per cent. "Our performance during the quarter was influenced by several factors like continued weakness in the global soda ash markets resulting in oversupply situation, increased imports in India and reduction in energy and associated costs," said R S Jalan, managing director of GHCL. While the global markets continue to remain soft, GHCL is beginning to observe early signs of demand recovery in domestic market especially in the conventional end-user sectors, he said. "T

Chemicals major GHCL has completed the demerger of its spinning business into GHCL Textiles. The demerger became effective from April 1 and the new entity GHCL Textiles will be listed on NSE and BSE after receiving regulatory approvals. The "demerger aims to unlock and maximise value for all stakeholders' and focus on operations and customers. It brings forth focused leadership and addresses independent opportunities with prudent capital allocation, the company said in a statement on Monday. "GHCL Textiles assumes all the assets and liabilities of the spinning business," it added. As per the demerger scheme, GHCL shareholders are "to get shares of GHCL Textiles in the ratio of 1:1". GHCL Managing Director R S Jalan said, the demerger is envisaged to create strong independent businesses uniquely positioned to enhance stakeholders' value over time. In February, the Ahmedabad bench of NCLT approved the demerger of the spinning division of the company into GHCL Textiles. GHCL is int

Brickwork Ratings has upgraded the ratings of bank loan facilities of the company by 3 notches from BWR B- to BWR BB-

GHCL had received 'No adverse observation/ No objection' letters from the BSE and the National Stock Exchange of India for a proposed scheme of arrangement on March 3

HDFC (up 1.7 per cent), Reliance Industries (1.2 per cent), and Power Grid (0.56 per cent) were the top large-cap gainers today

The deal does not include GHCL's spinning unit in Tamil Nadu's Madurai

The stock hit a new high of 299 after the DSP Blackrock Mutual Fund bought 950,528 shares at Rs 272

GHCL standalone net profit declines 40.94% in the September 2017 quarter

The stock dipped 9% to Rs 228 after the company reported 41% YoY decline in its standalone net profit at Rs 53 crore in September quarter

GHCL has confirmed its plans to solidify its presence in the domestic home furnishings market

Company to tap modern trade with products like spices, honey and salt for diabetics

Revenue grew 1.85% to Rs 703.14 crore during Q2 of current financial year as against Rs 690.34 crore last year

The stock rallied 10% to Rs 160, also its 52-week high on the BSE