GHCL has placed the Commercial Paper (CP) amounting to Rs 25 crore on December 12, 2019, having maturity on March 11, 2020. The said CP is a part of Rs 100 crore limit as approved by the committee of board of directors of the company in their meeting held on December 9, 2019 and shall be part of the existing working capital limit.
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.
