GHCL LTD
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BSE Code:
500171
NSE Code:
GHCL
Business Profile
Business Profile
GHCL (GHCL) operates in the business segments of soda ash and textiles. The Company was incorporated on Oct. 14, 1983.
The company produces soda ash which is used in textiles, paper, metallurgical industries and desalination plants. The manufacturing unit in Gujarat has a production capacity of 850,000 tons per annum of light and dense soda ash. The plant is totally self-sufficient in terms of power and steam. The units are ISO 9001:2000, ISO 14001 and OHSAS 18001 certified. The company has 10 area sales offices in India. Domestic clients include Hindustan Lever, Ghari Detergent Group, Gujarat Guardian,..etc. The company exports to Middle East, Asia and Europe with clientele like SC Stirom SA (Romania), Guardian Oroshaza KFT, (Hungary), ..etc.
The textile division is a vertically integrated operation that manufactures premium quality yarn, griege fabric, and home textile products like bed linen, curtains, madeups and cotton yarn. The product range includes flat sheets, fitted sheets. pillow cases, shams, valences, curtains, duvet covers, and other top of the bed items in 100% cotton and blends. The company launched Grace, its bed, bath and windows collection, for which the company has tied up with 2,500 retailers across the country. The two spinning units in Tamil Nadu have an installed capacity of 125,000 spindles and are ISO 9001-2000 and OKO-TEX certified. Wind power (3.6 MW and 4.8 MW) is used for its energy requirement.
The company has acquired UK-based Rosebys with 300 stores, the US-based textiles company, Dan River, Best Manufacturing Group, and HW Baker. Through its HW Baker Linen division, Dan River has signed a multi-year USD 100 million contract with Starwood Hotels & Resorts Worldwide for supply and distribution of a variety of home textiles products. GHCL will market UK-based home textile retailer Rosebys brands in India,
The registered office of the company is at GHCL House, opposite Punjabi Hall, Navrangpura, Ahmedabad-380009.
Financials
The company reported a growth in standalone net profit for the quarter ended March 2009. During the quarter, the profit of the company rose 87.65% to Rs 252.45 million from Rs 134.53 million in the same quarter last year. Net sales for the quarter rose marginally 2.50% to Rs 3131.08 million, while total income for the quarter remained flat at Rs 3143.26 million, when compared with the prior year period. It posted earnings of Rs 2.59 a share during the quarter, registering 91.85% growth over previous year period.
Recent Developments
18-MAY-09
The company is planning to merge its wholly owned subsidiary, Colwell & Salmon Communications (India) with itself.