The renewal will be valid up to December 8, 2043, the company said in the exchange filing.
GHCL’s lignite mines are spread over 171 hectares in the Bhavnagar district of Gujarat.
The company had signed a strategic MoU worth ₹850 crore with the Government of Gujarat in December 2023, for the development and commercial sale of secondary minerals, particularly Bentonite and Sand.
“As a result, the Khadsaliya mining project will evolve into a composite mining operation, which will comprise of both primary lignite mining and secondary mineral projects. This expansion represents a transformative opportunity for the region and aligns with out sustainability goals, circular economy principles and commitment to resource optimisation,” GHCL wrote in its statement.
Shares of GHCL ended 0.7% lower last Friday at ₹605. The stock has been an underperformer so far in 2025, declining 18%. The stock is down 22% from its 52-week high of ₹779.