In the second quarter GHCL’s net profit climbed by 212 per cent. Net revenue grew by 73 per cent during the second quarter. The company’s inorganics chemical division’s revenue grew by 98 per cent. Textiles business revenue rose by 11 per cent. The company’s ebidta increased by 159 per cent.

GHCL is an Indian chemical and spinning company and sees its robust performance in the quarter as testimony to its focus on operational excellence and sustainable business practices. These factors coupled with a positive demand and the ability to leverage its manufacturing expertise has been instrumental in ensuring strong topline and profitability trends.

GHCL believes it is well poised to channelize its experience and expertise to demonstrate an industry leading performance in the years to come. The chemical and textile company will set up 40,000 ring spindles in Tamil Nadu to produce synthetic and synthetic blended yarn to cater to the knitting and weaving segments.

GHCL also plans to develop an extra high tension power transmission facility to ensure uninterrupted power supply.It will install another 40,000 ring spindles with 24 knitting machines in Madurai district to produce 100 per cent cotton yarn and knitted fabrics. The company has a commitment towards sustainable business practices and reducing its carbon footprint.