GHCL signed two MOUs, at the Vibrant Gujarat Summit, for investing Rs 3450 crore in Gujarat. The MOUs were signed in the presence of the Honourable Chief Minister Bhupendra Patel along with his Senior Ministers and GHCL representatives.

The first MOU signed was for an investment of Rs 2500 crore in the Kutch district of Gujarat and will be used for the second phase expansion of the Greenfield Soda Ash plant and setting up a Vacuum salt plant. The investment in these projects will be spread over a period of four years and will provide direct and indirect employment to more than 10,000 people.

The second MOU was signed for Rs 950 crore investment in Bhavnagar, in the Saurashtra region of Gujarat towards the mining of Bentonite and Sand. Bentonite and Sand are a part of the over burden found during lignite mining. Bentonite will be marketed to various industries to be mainly used as a raw material for fertilizers, foundries, cosmetics and pharma industries to name a few. Sand is utilized as a raw material in construction industries.

GHCL's Khadsaliya Lignite mines, Bhavnagar received a “5-Star rating” from the Ministry of Coal, Government of India, in December 2023. It is the first lignite mine in Gujarat to receive this rating.