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GHCL surges on signing MoU to invest Rs 500 crore in Tamil Nadu

29 Nov 2021 Evaluate

GHCL is currently trading at Rs. 383.05, up by 7.10 points or 1.89% from its previous closing of Rs. 375.95 on the BSE.

The scrip opened at Rs. 380.00 and has touched a high and low of Rs. 388.00 and Rs. 378.70 respectively. So far 9624 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 483.10 on 06-Oct-2021 and a 52 week low of Rs. 169.10 on 27-Nov-2020.

Last one week high and low of the scrip stood at Rs. 397.80 and Rs. 359.60 respectively. The current market cap of the company is Rs. 3658.13 crore.

The promoters holding in the company stood at 19.07%, while Institutions and Non-Institutions held 36.10% and 44.83% respectively.

GHCL has signed a MoU (Memorandum of Understanding) with the Government of Tamil Nadu for investing Rs.500 crore in the state. As per the MoU, GHCL will set up 40000 ring spindles in Manaparai, Tiruchirappalli district to produce synthetic and synthetic blended yarn to cater to knitting and weaving segments. It will also install another 40000 Ring Spindles with 24 Knitting Machines in Paravai, Madurai district to produce 100% cotton yarn and knitted fabrics. The company also plans to develop an EHT (extra high tension) power transmission facility in Manaparai location to ensure uninterrupted Power supply.

GHCL is a leading producer of synthetic soda ash in India. Over the years, it has diversified into yarn and home textile products.

GHCL Share Price

515.10 2.00 (0.39%)
17-Apr-2026 16:59 View Price Chart
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