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GHCL aims to reduce debt by Rs 100 crore in FY20: CFO Raman Chopra

Noida-based chemical manufacturing company, GHCL, is planning to cut down its debt by Rs 100 crore through improvement in operational efficiency, Chief Financial Officer Raman Chopratold ETCFO in an interview.  GHCL operates in two businesses,chemicals segment where it manufactures soda ash, key raw material for glass and detergents, and second textiles, where it is in the business of spinning yarn and processing it to finished products like sheets. It chemical business constitutes more than 85 per cent of its profitability.  In the … Continue reading

August 6, 2019

Independence of thought, an essential virtue for a team.

More so, if we aim to build great teams. A team can only perform well if it has been able to view and review an option, a solution from all perspectives. That is why, it is extremely important to have people with diverse opinions on the team. I have noticed, that team leaders who nurture their teams to think independently, come up with very creative and out of the box solutions for some very run … Continue reading

July 25, 2019

Big on Captive

Mechanisation of almost every process involved in the textile industry from fibre to fabric has led to increased consumption of electricity. In today’s scenario where the power purchased from state electricity boards works out to be much higher than solar or wind energy, it is not surprising that more and more players in this energy-intensive industry are opting for cost-effective green energy. This is more so in a state like Tamil Nadu that leads the … Continue reading

July 4, 2019

Ownership – willingness to behave responsibly

In an organisation, is it possible to survive, let alone grow without taking responsibility? The ability and willingness to take ownership is the mantra for a successful career progression. In fact I feel that ownership is an attitude, which allows much more than just a myopic view of our own career, it is a mentality present in certain people. It is these people who are responsible for the growth, stability, profits and prosperity of the … Continue reading

July 1, 2019

Traceability

The world has become truly global and without boundaries, and manufacturers source material from and supply it across the globe with relative ease. This has made the supply chain extremely complex and quality controls truly imperative. Traceability is especially applicable to provenance and supply chain control and management and in recent years, the demand for this has risen significantly. Mostly because, the customers have become increasingly conscious and are demanding more and more information about … Continue reading

April 19, 2019

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