GHCL has redeemed Commercial paper (CP) of Rs 25 crore issued on January 17, 2020 has been redeemed on March 27, 2020 after making payment on due date. The said CP was part of Rs 100 crore limit approved by the Committee of Board of Directors of the company in their meeting held on December 9, 2019.
The company has redeemed second 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, there is no outstanding commercial paper for redemption.
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.
