GHCL gets nod for capex worth Rs 67.25 crore for Textile division

GHCL has received an approval for additional capital expenditure of Rs 67.25 crore for Textile division (Yarn & Home Textile). The board of directors at its meeting held on October 21, 2016 has approved for the same.

The capex will be used towards purchase of TFO machines in the Yarn division; 2.1 MW windmill project in Home Textile division; purchase of looms for weaving project of Home Textile division; and also for increase in processing capacity of Home Textile division.

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