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GHCL to infuse Rs 500 cr in Tamil Nadu

Monday, 29 Nov 2021
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GHCL has inked a memorandum of understanding with the government of Tamil Nadu. The company would invest Rs 500 crore in the state. GHCL exchanged documents with Guidance Tamil Nadu during the Investment Conclave held in Coimbatore recently. 
 
GHCL will set up 40,000 ring spindles in Manapparai, Tiruchirappalli district to produce synthetic and synthetic blended yarn to cater to knitting and weaving segments.  
 
It would install another 40,000 ring spindles with 24 knitting machines in Madurai district to produce 100 percent cotton yarn and knitted fabrics. Besides, the company will also develop an Extra High Tension (EHT) power transmission facility in Manapparai. 
 
Under its move towards sustainable business practices, the company has planned to set up a 20 MW solar power park near Musiri in Tiruchirappalli district. 
 
Once the 20 MW solar power park project gets completed, 70 percent of the company's requirements will be met for the spinning business through renewable energy. At present, 52 percent of the energy requirements for the yarn business was fulfilled from renewable energy resources. 
 
 
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