GHCL Ltd receives lease renewal approval for Khadsaliya Lignite Mines

GHCL Ltd has received an email from Industries and Mines Department, Government of Gujarat, approving the lease renewal of our Khadsaliya Lignite Mines of 171 Hectares, for a period of twenty years i.e up to December 08, 2043.

GHCL had entered into a strategic ₹950 crore Memorandum of Understanding (MoU) with the Government of Gujarat on 20/12/2023, for the development and commercial sale of secondary minerals, specifically Bentonite and Sand.

As a result, the Khadsaliya Mining Project will now evolve into a composite mining operation, encompassing both primary Lignite mining and secondary mineral projects. This expansion represents a transformative opportunity for the region and aligns with our sustainability goals, circular economy principles, and commitment to resource optimization.

Shares of GHCL Limited was last trading in BSE at Rs. 611.40 as compared to the previous close of Rs. 619.20. The total number of shares traded during the day was 11145 in over 607 trades.

The stock hit an intraday high of Rs. 625.10 and intraday low of 607.30. The net turnover during the day was Rs. 6849289.00.

Source : Equity Bulls

Keywords

GHCL INE539A01019 CommodityChemicals LeaseRenewal Approval KhadsaliyaLigniteMines