Rajasthan Based Salt Manufacturing Company Secures Rs 78.36 Crore Work Order from Chhattisgarh Government
DSIJ Intelligence-2Categories: Mindshare, Trending
The company has a market cap of Rs 333 crore and the stock is up by 100 per cent from its 52-week low of Rs 142 per share.
Goyal Salt Limited, a manufacturer of Triple Refined Free Flow Iodised and Industrial Salt, has received its single largest work order from any state or central government. The company announced the development on Monday, October 20, 2025.
The work order, valued at Rs 78.36 Crore (Rs 78,36,75,000/-), was awarded by the Chhattisgarh Government through the Chhattisgarh State Civil Supplies Corporation Ltd. The contract was secured via a competitive tender process under government schemes.
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Under the agreement, Goyal Salt Limited will supply 75,000 Metric Ton (MT) of ISI Mark Refined Iodised Amrit Salt at a rate of Rs 10,449 per MT. The contract is to be executed within one year from the date of the agreement. The documents confirm that neither the promoter, promoter group, nor group companies have any interest in the entity awarding the order, and the order does not fall under related party transactions.
Goyal Salt Limited expects this order to significantly boost the company’s revenue. The company anticipates achieving its highest ever turnover in the current financial year along with strong profitability.
Incorporated in 2010, Goyal Salt Ltd (GSL) is a manufacturer and dealer of various types of sodium chloride, refining raw salt extracted from sub-soil brine in Rajasthan. The company produces premium industrial and edible salts for B2B and wholesale markets using an integrated processing method. Its product range includes triple refined free-flow iodized salt, industrial salt, double fortified salt, and triple refined half-dry salt. GSL markets its products under multiple brands, including Goyal Salt, Idea Salt, Fortuner Salt, Health Care Salt, Medi Plus Salt, Apollo Refined Industrial Salt, and Double Horse Refined Industrial Salt.
The company has a market cap of Rs 333 crore and the stock is up by 43 per cent from its 52-week low of Rs 142 per share. The shares of the company have an ROE of 16 per cent and an ROCE of 17 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.