GMDC's Q2 net profit surges nearly four-fold to Rs 151 crore

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

India is a mineral-rich country (its geological potential is similar to Western Australia) but mines only 2 per cent of its potential

Press Trust of India New Delhi
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.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 18 2022 | 4:37 PM IST

Explore News