GHCL Textiles Limited signed an MOU with the Government of Tamil Nadu for an investment of INR 535 million on 8th January, at the Global Investors Meet 2024. The MoU was signed in the presence of Honorable Chief Minister M K Stalin, senior ministers, and officials of the Government of Tamil Nadu. GHCL Textiles was represented by Mr.R.Balakrishnan, CEO and Mr. N. Rajagopal, Sr.GM (Technical).

The MoU entails investments for capacity expansion as well as investments in renewable energy in Tamil Nadu. Once implemented, GHCL Textile's total investment in the state will be over INR 1035 million and its renewable energy portfolio will expand to 75 MW.