Long Term Lease Approval - GHCL Ltd

Code BSE: 500171 NSE:

Industries and Mines Department, Government of Gujarat, approved the lease renewal of Khadsaliya Lignite Mines of 171 Hectares, for a period of twenty years i.e up to December 08, 2043 GHCL had entered into a strategic Rs 950 crore Memorandum of Understanding with the Government of Gujarat on 20/12/2023, for the development and commercial sale of secondary minerals, specifically Bentonite and Sand. As a result, the Khadsaliya Mining Project will now evolve into a composite mining operation, encompassing both primary Lignite mining and secondary mineral projects. This expansion represents a transformative opportunity for the region and aligns with our sustainability goals, circular economy principles, and commitment to resource optimization.