Goyal Salt Limited — Updates, 02-01-2025: Press Release

Goyal Salt Limited is investing ₹80 crore to establish a new salt manufacturing plant in Gandhidham, aiming to strengthen its presence in the western and eastern markets. The facility will cover 12 acres and has a production capacity of 4,50,000 MT. Currently in trial run, it is expected to be operational by the end of January 2025. The company's strategy includes expanding its distribution network, which now encompasses over 60 distributors and 5,000 retail outlets. This move is projected to reduce logistics costs, enhance customer delivery, and enable Goyal Salt to replicate its northern market success in new regions. With the Indian salt market anticipated to grow at a CAGR of 4.8% from 2024 to 2029, Goyal Salt's expansion positions it favorably to capitalize on increasing urbanization and consumer trends towards premium salt products. Positive outlook for investors as Goyal Salt aims to become a household name across India.