GHCL Limited, a chemical and textile company, has signed an MoU (Memorandum of Understanding) with the Government of Tamil Nadu for investing ₹500 crores in the State.
As per the MoU, GHCL will set up 40,000 ring spindles in Manaparai, Tiruchirappalli district, to produce synthetic and synthetic blended yarn. GHCL also plans to develop an EHT (extra high tension) power transmission facility in Manaparai to ensure an uninterrupted power supply.
GHCL has proposed to set up a 20 MW solar power park near Musiri, Tiruchirappalli district.