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GHCL shines on launching ‘REKOOP’ on

22 Apr 2019

GHCL is currently trading at Rs. 245.30, up by 10.05 points or 4.27% from its previous closing of Rs. 235.25 on the BSE.

The scrip opened at Rs. 240.00 and has touched a high and low of Rs. 246.90 and Rs. 232.55 respectively. So far 19932 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 301.00 on 16-May-2018 and a 52 week low of Rs. 189.50 on 26-Oct-2018.

Last one week high and low of the scrip stood at Rs. 246.90 and Rs. 232.55 respectively. The current market cap of the company is Rs. 2406.59 crore.

The promoters holding in the company stood at 18.87%, while Institutions and Non-Institutions held 32.22% and 48.91% respectively.

GHCL has launched ‘REKOOP’ on REKOOP bedding is made by blending cotton with polyester fiber obtained from recycling post-consumer PET bottles. The concept is sustainable, durable and free of any hazardous chemicals. Molecular tagging of the recycled fiber through the CertainT platform of Applied DNA Sciences in Stony Brook, New York, secures provenance and complete traceability across the supply chain.

The platform is designed to tag, test and track synthetic fibers to provide transparency, traceability and trust throughout the textile supply chain. Reliance Industries (RIL), India's largest private company, is GHCL's fiber-manufacturing partner and supplies the truly ecofriendly recycled polyester fiber - Recon Green Gold, which is used in REKOOP bedding.

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.

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