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India's GHCL to invest Rs 1,050 cr for expansion

GHCL which manufacturer inorganic chemicals and textiles, plans to invest Rs 1,050 crores over the next few years for expansion of soda ash and textile capacity. While the company will spend Rs 950 crores in a two-phase soda ash expansion project in Gujarat, it will utilise Rs 100 crores in the next two years for expansion of its textile business.

Of the total Rs 2,400 crores top line recorded by the company last year, inorganic chemicals contributed 60 per cent and 40 per cent was accounted for by the textile business. Soda ash (chemically known as sodium carbonate) is one of the commodity chemicals used most commonly in glass, detergents and food processing industries. GHCL has a 24 per cent market share in the domestic soda ash industry.

The company has its own captive lignite mines and briquetting plant which gives it a major cost advantage. It produces dense soda ash which is normally used for the glass industry and light soda ash which is normally used for the detergent industry.

GHCL’s spinning facility in Tamil Nadu has a total installed capacity of 1,75,000 spindles and 3,320 rotors. The home textile plant is located in Gujarat with 162 air jet looms and 36 million meters of processing capacity.

ghcl.co.in/

 
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