Shares of GHCL Ltd are trading flat after hitting a day’s high of Rs 615.95 on 21st July, following the company’s announcement that its 171-hectare Khadsaliya Lignite Mines has received a 20-year lease renewal from the Gujarat Industries and Mines Department.

The lease renewal will remain valid until 8th December, 2043, GHCL said in its exchange filing. GHCL’s lignite mines cover 171 hectares in Gujarat’s Bhavnagar district.

In December 2023, the company signed a strategic MoU worth Rs 850 crore with the Gujarat government to develop and commercially sell secondary minerals, especially Bentonite and Sand.

With this, the Khadsaliya project will now become a composite mining operation, including both lignite mining and secondary mineral extraction. GHCL stated that this expansion presents a major opportunity for the region and aligns with its goals regarding sustainability, circular economy, and efficient resource utilisation.

At 10:57 AM, the shares of GHCL Ltd were trading 0.13% higher at Rs 606.05 on NSE.

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