GHCL Ltd.’s stock surged 4% after its board announced approval for an additional capital expenditure of Rs. 350 Crores. The decision, made during the 210th Board meeting on November 27, 2024, will fund the expansion of the Zara Zumara Salt Field in Kutch, Gujarat.
This strategic move aims to bolster GHCL’s position in the growing salt industry, enhancing its operational footprint in the region. Investors are optimistic about the potential growth, reflecting in the stock’s positive movement.
As of 1:00 pm, GHCL shares were trading 4.66% higher at Rs 602.35 on the NSE.
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