GHCL shares in focus after major development over key Gujarat mines
Published on 21/07/2025 04:33 AM
GHCL shares in focus after major development over key Gujarat minesGHCL's lignite mines are spread over 171 hectares in the Bhavnagar district of Gujarat.By Hormaz Fatakia July 21, 2025, 4:33:37 AM IST (Published)1 Min ReadShares of GHCL Ltd. will be in focus on Monday, July 21, after the company informed the exchanges that its Khadsaliya Lignite Mines of 171 Hectares has received a lease renewal from the Gujarat Industries and Mines Department, for a period of 20 years.
The renewal will be valid up to December 8, 2043, the company said in the exchange filing.
GHCL's lignite mines are spread over 171 hectares in the Bhavnagar district of Gujarat.
The company had signed a strategic MoU worth ₹850 crore with the Government of Gujarat in December 2023, for the development and commercial sale of secondary minerals, particularly Bentonite and Sand.
"As a result, the Khadsaliya mining project will evolve into a composite mining operation, which will comprise of both primary lignite mining and secondary mineral projects. This expansion represents a transformative opportunity for the region and aligns with out sustainability goals, circular economy principles and commitment to resource optimisation," GHCL wrote in its statement.
Shares of GHCL ended 0.7% lower last Friday at ₹605. The stock has been an underperformer so far in 2025, declining 18%. The stock is down 22% from its 52-week high of ₹779.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsGHCLshare market today