BusinessCORPORATE / BUSINESS

Gujarat Toolroom Ltd. Completes INR 96 Cr QIP, FPIs amongst Allotees

Gujarat Toolroom Ltd. (GTL)’s recent Qualified Institutional Placement (QIP) raised ₹95.66 Crores, allotting stake to prestigious institutional 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.

The company has been demonstrating exceptional financial growth. From a modest revenue of ₹2 Crores in March 2023, it surged to ₹555 Crores by March 2024. Operating profits followed a similar growth trajectory, moving from ₹2 Crores to ₹76 Crores over the same period. Additionally, the company’s net profit has soared, reaching ₹73 Crores in March 2024, compared to just ₹1 Crore in the previous year.

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.

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