GHCL has received an approval for issue of commercial paper up to Rs 100 crore in one or more tranches, which will be carved out of existing working capital limit. The Board of Directors of the company at its meeting held on January 21, 2019, has approved the same.
GHCL is a leading producer of synthetic soda ash in India with an installed capacity of 8.5 lakh tonnes Per Annum (TPA) located in Gujarat. Over the years, it has diversified into yarn and home textile products.