GHCL Limited has informed the Exchange regarding 'Intimation under Regulation 30 regarding renewal of lease of Lignite Mines for a period of twenty years '.
GHCL · price
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GHCL Limited has received approval from the Government of Gujarat's Industries and Mines Department to renew the lease of its Khadsaliya Lignite Mines for 20 years, valid until December 8, 2043. The mine spans 171 hectares in Bhavnagar district, Gujarat. This renewal ties into the company's earlier ₹950 crore MoU with the Gujarat Government (signed December 2023) for developing secondary minerals like Bentonite and Sand. The project will now become a composite mining operation covering both primary lignite and secondary minerals, supporting the company's sustainability and resource optimisation goals.
This is a positive, long-term operational development for GHCL as it secures raw material access for two decades and enables expansion into secondary minerals, potentially boosting future revenue streams and reducing operational uncertainty for shareholders.