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Latest Business Developments in GHCL

by Koushik Gope
Published: Last Updated on 0 comment

Sure, here are some of the latest business developments in GHCL:

  • Completed demerger of spinning business : GHCL has completed the demerger of its spinning business into a separate company called GHCL Textiles. The demerger became effective from April 1, 2023. The new company, GHCL Textiles, is listed on the NSE and BSE.
  • Investing in new technologies : GHCL is investing in new technologies to improve the efficiency and sustainability of its operations. The company is also investing in research and development to develop new products.
  • Expanding into new markets : GHCL is expanding its presence in new markets, such as Africa and Southeast Asia. The company is also looking to increase its exports to these markets.
  • Partnering with global brands : GHCL has partnered with global brands, such as Unilever and P&G, to develop new products and solutions. The company is also looking to partner with other global brands to expand its reach into new markets.

These are just some of the latest business developments in GHCL. The company is well-positioned to grow in the coming years, given its focus on innovation and expansion.

Here are some additional details about each of these developments:

  • Completed demerger of spinning business : The demerger of the spinning business was a strategic move by GHCL to focus on its core chemical business. The new company, GHCL Textiles, is expected to be a major player in the Indian textile market.
  • Investing in new technologies : GHCL is investing in a number of new technologies, such as:
    • Automation and robotics to improve efficiency
    • Renewable energy to reduce its carbon footprint
    • Digital technologies to improve its supply chain management
  • Expanding into new markets : GHCL is expanding its presence in new markets, such as:
    • Africa
    • Southeast Asia
    • Middle East
    • Latin America
  • Partnering with global brands : GHCL has partnered with the following global brands:
    • Unilever
    • P&G
    • Henkel
    • 3M
    • DuPont

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