GHCL has redeemed Commercial paper (CP) of Rs 25 crore on September 26, 2019 after making payment on due date. The said CP was issued on June 28, 2019.
Above CP was a part of Rs 100 crore limit approved by the Board of Directors in their meeting held on January 21, 2019 and same was part of the existing working capital limit. Till date the company had issued total commercial paper of Rs 75 crore in three different trenches.
The company has redeemed first trench of commercial paper amounting to Rs 25 crore, out of total issued commercial paper of Rs 75 crore. Hence, after said redemption of commercial paper of Rs 25 crore, outstanding commercial paper is Rs 50 crore.
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.
