Gujarat Toolroom Ltd. (GTL) has announced a proposal for a 5:1 bonus share issue, which will be considered by its Board of Directors on January 6, 2025. This means shareholders will receive five additional equity shares for every one share held. The bonus shares will be issued by capitalizing the company’s securities premium account, subject to the approval of shareholders. This strategic move demonstrates Gujarat Toolroom’s commitment to rewarding its investors while simultaneously enhancing liquidity in its stock, making it more accessible to a broader range of investors.
Gujarat Toolroom Ltd. (GTL)’s recent Qualified Institutional Placement (QIP) raised ₹95.66 Crores, allotting stake to prestigious players such as Bridge India Fund, Eminence Global Fund, and Multitude Growth Funds Limited, among others. This strong backing from institutional investors highlights their confidence in Gujarat Toolroom’s strategic direction, operational capabilities, and growth potential.
Earlier the company announced that it has successfully executed a significant ₹310 million order for Reliance Industries Ltd. This marks yet another milestone in GTL’s expanding portfolio of high-value contracts, bringing the total value of orders completed for Reliance Industries this year to ₹600 million. The successful completion of this project reinforces GTL’s position as a trusted partner for India’s largest conglomerate, showcasing its ability to deliver on large-scale contracts efficiently and reliably.
On the strategic front, Gujarat Toolroom is positioning itself as a leader in multiple high-growth sectors. The company’s development of a hybrid energy power plant in Gujarat demonstrates its commitment to clean energy, with plans to integrate solar, wind, and other renewable energy sources. This investment in sustainable power not only aligns with global environmental goals but also places the company at the forefront of the green energy revolution. Earlier this year, Gujarat Toolroom Ltd. (GTL) revealed plans for a pioneering Hybrid-Green Energy Power Plant project, poised to reshape the energy landscape.
The Hybrid-Green Energy Power Plant represents a visionary investment with a total project cost of Rs. 572.5 crores, signaling GTL’s significant commitment to driving positive change. This comprehensive 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.
Furthermore, the establishment of a Dubai subsidiary marks another strategic leap, giving Gujarat Toolroom a foothold in the rapidly growing Middle Eastern and African markets. This subsidiary will focus on expanding the company’s presence in the mining and construction sectors, where demand is robust and growing.
