GHCL has redeemed Commercial paper (CP) of Rs 25 crore on March 11, 2020 after making payment on due date. The said CP was issued on December 12, 2019. CP was a part of Rs 100 crore limit approved by the Board of Directors in their meeting held on December 09, 2019.
The company has redeemed first trench of commercial paper amounting to Rs 25 crore, out of total issued commercial paper of Rs 50 crore. Hence, after said redemption of commercial paper of Rs 25 crore, outstanding commercial paper is Rs 25 crore (due dates is March 27, 2020).
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.
