GHCL Textiles Ltd Share Price – NSE  /  BSE

Textiles, Small Cap

GHCL Textiles will hold a meeting of the Board of Directors of the Company on 6 May 2024.

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GHCL Textiles will hold a meeting of the Board of Directors of the Company on 3 February 2024.

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The MoU entails investments for capacity expansion as well as investments in renewable energy in Tamil Nadu.

Once implemented, GHCL Textile’s total investment in the state will be over Rs 1,035 crore and its renewable energy portfolio will expand to 75 MW.

R.S.Jalan, Director, GHCL Textiles said, “Over the next four years, the investments will be used for capacity and product basket expansions, vertical integration of textile manufacturing to include knitted and woven finished fabrics as well as the enhancement of Green energy portfolio. Thus amplifying our value added product basket, accelerating growth and positioning us among the top-tier industry leaders.”

GHCL Textiles is engaged in the purpose of transfer of Textile Business (Spinning Business).

The company’s standalone net profit jumped 47.83% to Rs 6.15 crore in Q2 FY24 as against Rs 4.16 crore recorded in Q1 FY24. Revenue from operation declined 1.23% QoQ to Rs 260.03 crore in Q2 FY24.

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GHCL Textiles has entered into a Memorandum of Understanding (MoU) with Guidance, the Nodal Agency of Government of Tamil Nadu on 08 January 2024 as part of the Tamil Nadu Global Investors Meet 2024 for investing up to Rs. 535 crore over a period of four-year.

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