GTL bags Rs 310 million order – Check Details

Gujarat Toolroom Ltd has secured Rs 310 million order. The new order comes after the successful completion of a Rs 290 million order. The order was received on March 5, 2024 and completed on October 14, 2024, involved the supply of construction materials for various projects at Reliance's facilities. 

These two orders bring the cumulative order value to Rs 600 million. 

The company recently completed a Rs 500 million Qualified Institutional Placement (QIP). 

The QIP saw the issuance of 43.48 million equity shares at Rs 11.50 per share, with prominent institutional investors such as Zeta Global Funds (OEIC) PCC Ltd and Eminence Global Fund PCC Trade Fund 1 taking part. 

Earlier this year, the company revealed plans for a pioneering Hybrid-Green Energy Power Plant project, poised to reshape the energy landscape. 

The Hybrid-Green Energy Power Plant represents an investment with a total project cost of Rs. 572.5 crores. This investment encompasses various critical components, including Rs 6.5 crores for land acquisition, Rs 150 crores for state-of-the-art solar panels, Rs 225 crores for cutting-edge wind turbines, Rs 45 crores for robust cables and wiring infrastructure, Rs 6 crores for transformers and Rs 140 crores allocated for other essential infrastructures and skilled manpower costs.

It has also ventured into the international arena with its acquisition of gold mines in Zambia, a move that is expected to add significant value to its portfolio.