Goyal Salt Ltd Company Summary

Goyal Salt Ltd Summary

Goyal Salt Limited was originally incorporated as Goyal Salt Private Limited at Jaipur as a private limited company, pursuant to a certificate of incorporation dated November 26, 2010, issued by the RoC, Rajasthan. Subsequently, the Company converted into a public limited company and name of the Company was changed to Goyal Salt Limited vide a fresh certificate of incorporation dated May 18, 2023 at Jaipur was issued to Company by the RoC. The Company is one of the largest Manufacturers and Dealers in all varieties of Sodium Chloride (NaCl).The Company is primarily engaged in the business of refining of raw salts procured from lake brine and sub soil brine in the State of Rajasthan for useable as industrial salts and edible salts. The Company refines and supplies pure, refined and quality range of triple refined free flow iodized salt, industrial salt, double fortified salt and triple refined half dry salt. Their refining process does not involve anyadulteration from chemical and harmful substances.Apart from this, the Company has well equipped refinery at Nawa City, adjacent to famous Sambhar Lake. In addition to refinery, it has an integrated production facility for the raw salt, industrial salt, and edible salt, at Nawa City in Rajasthan. The production facility is equipped and capable to carry out end to end refining activities with a production facility of about 700 tonnes per day.Over the past couple of years, the Company has outgrown itself into the production of refined iodised salt and double fortified salt. Edible salt, also called table salt or just salt, is a mineral, commonly consumed by humans. The Company supplies refined salt in the packaging of half kg and one kg for home consumption and fifty kg bags and jumbo bags for industrial use.In 2011, the Company started commercial production and installed 300 ton per day capacity plant. It installed 700 TPD capacity plant to enhance the production capacity and use some parts for this plant in 2015. In 2016, it received subsidy from Tata Salt for producing the new product, Double Fortified Salt. In 2023, Promoters of the Company entered into another salt refinery venture at Phalodi, Rajasthan with a capacity of 1.5 Lacs MT per annum.The Company made a fresh issue IPO of 49,02,000 Equity Shares of Rs 10/- each by raising funds aggregating to Rs 18.63 Crore in October, 2023.The Company has set up another refinery of 1200 MT in the State of Gujarat near Gandhi Dham to increase the production capacity in FY 2024.