Goyal Salt Limited is gearing up to enhance its presence in western and eastern India with a significant investment of Rs 80 crore in its new Gandhidham plant. The move is aimed at boosting logistics efficiency and market penetration.
Details:
- The Gandhidham plant, located in Kutch, spans 12 acres with a production capacity of 4,50,000 MT. Currently in its trial run stage, the plant is expected to be operational by the end of January 2025.
- The Rs 80 crore investment focuses on optimizing delivery times and strengthening logistics for finished products.
- Goyal Salt currently operates with 60 distributors, reaching 5,000 retail outlets across Maharashtra, Gujarat, Assam, and Orissa.
Key Highlights:
- The company aims to replicate its success in northern markets by expanding into western and eastern regions, with future plans for the southern market.
- The Indian salt market, projected to grow at a CAGR of 4.8% from 2024 to 2029, presents significant opportunities, particularly in the premium salt segment.
About Goyal Salt: Established in 2010, Goyal Salt Limited is India’s largest natural salt producer. It reported a total income of Rs 124.08 crore and a net profit of Rs 9.45 crore for FY24.
