Shares of GHCL Ltd are buying and selling flat after hitting a day’s excessive of Rs 615.95 on twenty first July, following the corporate’s announcement that its 171-hectare Khadsaliya Lignite Mines has obtained a 20-year lease renewal from the Gujarat Industries and Mines Division.
The lease renewal will stay legitimate till eighth December, 2043, GHCL mentioned in its alternate submitting. GHCL’s lignite mines cowl 171 hectares in Gujarat’s Bhavnagar district.
In December 2023, the corporate signed a strategic MoU price Rs 850 crore with the Gujarat authorities to develop and commercially promote secondary minerals, particularly Bentonite and Sand.
With this, the Khadsaliya venture will now turn out to be a composite mining operation, together with each lignite mining and secondary mineral extraction. GHCL acknowledged that this growth presents a serious alternative for the area and aligns with its objectives concerning sustainability, round financial system, and environment friendly useful resource utilisation.
At 10:57 AM, the shares of GHCL Ltd have been buying and selling 0.13% greater at Rs 606.05 on NSE.
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