On November 27, 2024, GHCL Limited held its 210th Board Meeting, during which the Board of Directors approved a significant move to bolster the company’s operations. The Board approved the allocation of Rs. 350 Crore in additional Capex to fund the development of the Zara Zumara Salt Field located in Kutch, Gujarat. This is in line with the company’s commitment to enhancing its industrial presence and expanding its operational capacity in the region.

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The Zara Zumara Salt Field project is a crucial step in GHCL’s growth strategy, especially within the salt production sector. With this move, GHCL aims to expand its footprint in Kutch, one of India’s prominent salt-producing areas. This development is expected to provide a significant boost to the company’s production capabilities and contribute to GHCL’s long-term sustainability goals.

In adherence to SEBI’s Listing Obligations and Disclosure Requirements (LODR), the company has informed both the National Stock Exchange of India (NSE) and BSE Limited regarding the Capex approval. The board meeting commenced at 10:00 a.m. and concluded at 12:25 p.m. All relevant information regarding the approval is also accessible on GHCL’s official website and both the BSE and NSE websites for transparency and public reference.

This investment will significantly contribute to GHCL’s sustainability initiatives, with the company making strides in securing both its financial growth and environmental commitments. The news aligns with GHCL’s broader vision of driving business growth through green initiatives and resource sustainability.

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