GHCL, India’s leading Chemical & Textile Company, today inaugurated its new spinning unit at Manaparai in Madurai district of Tamil Nadu. GHCL’s new unit at Manaparai is the latest addition to the yarn division. The unit is equipped with 39600 ring spindles to produce synthetic and synthetic blend compact yarn and has a production capacity of 23 […]
Tag: GHCL
Indo count acquires home textile business of GHCL Limited for Rs. 576 crores
Indo Count Industries Limited, a leading manufacturer and exporter of Home Textiles has today entered into a Business Transfer Agreement (BTA) with GHCL Limited (GHCL) for acquisition of its Home Textile business at Vapi, Gujarat, on a going concern basis by way of a slump sale and Asset Transfer Agreement (ATA) for acquisition of specified […]
GHCL’s textile business demerged
GHCL, India’s leading Chemical & Textile Company, today announced that the secured creditors have approved the scheme of demerger of GHCL’s Inorganic Chemicals and Textile businesses. The shareholders and unsecured creditors had already approved the scheme of demerger in a meeting held in April earlier this year. With this the Company will now approach the […]