GHCL shares surge 6% on environmental clearance for new project
Shares of GHCL Ltd. soared 5.95 per cent to ₹739.80 on the BSE today, touching a 52-week high of ₹755.95.
The surge was triggered by the company’s announcement of receiving environmental clearance for its Soda Ash Greenfield Project in Kutch, Gujarat.
According to its stock exchange filing, the Ministry of Environment, Forest and Climate Change, Government of India, granted the clearance on December 12, 2024.
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This development is expected to significantly boost GHCL’s production capacity and solidify its position as a leading soda ash manufacturer.
Apart from its chemical business, GHCL has a strong presence in the textile sector, supplying products to major international retailers through its home textile division.
The stock hit a 52-week low of ₹434.95 on March 21, 2024 on the BSE.
