 "India is a mineral-rich country (its geological potential is similar to Western Australia) but mines only 2 per cent of its potential")
State-owned GMDC on Tuesday reported nearly four-fold
rise in its consolidated profit at Rs 151.2 crore for the quarter ended September 30, 2022.
The company had posted a consolidated profit of Rs 40.4 crore in the year-ago period, Gujarat Mineral Development Corporation (GMDC) said in a filing to BSE.
The consolidated income of the public sector enterprise increased to Rs 591.4 crore in the July-September period from Rs 494.7 crore in the year-ago quarter, the filing said.
GMDC is country's second largest lignite producer.
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