Gujarat Mineral Development Corporation Ltd News
GMDC inks long-term limestone supply deal with JK Cement for Gujarat's mine
State-owned GMDC on Friday said it has entered into a long-term pact with JK Cement Ltd for the supply of limestone from its upcoming mine in Gujarat. The agreement has been signed for supply of 250 million tonnes of limestone over a period of 40 years from its upcoming Lakhpat Punrajpur Mine in Lakhpat Taluka of Kutch district in Gujarat. This agreement will help JK Cement Ltd in setting up an integrated mega-capacity cement plant, fostering industrial growth in the region. "The collaboration will stimulate investment, enhance industrial development, and generate thousands of direct and indirect employment opportunities in Kutch, contributing significantly to the socio-economic progress of Gujarat," Gujarat Mineral Development Corporation (GMDC) said in a statement. Kutch's coastal proximity, improved access to domestic and international markets, and cost-efficient logistics position it as an ideal hub for cement production. The state-owned company has five operational lignite m
 "GMDC inks long-term limestone supply deal with JK Cement for Gujarat's mine")
GMDC Q3FY25 results: PAT rises 26.3% to Rs 148 cr, income at Rs 767.92 cr
Gujarat Mineral Development Corporation (GMDC) on Friday reported a 26.3 per cent rise in consolidated profit to Rs 147.66 crore for the December quarter. The company had posted a consolidated profit of Rs 116.83 crore in the year-ago period, GMDC said in a filing to the BSE. The total income of the company during the quarter increased to Rs 767.92 crore over Rs 624.51 crore in the year-ago period. GMDC is one of the country's leading mining and mineral processing companies. The company is also involved in the exploration of bauxite, manganese, silica sand and limestone among others. They find application across diverse industries, from manufacturing of hydrofluoric acid and purifying water to manufacturing glass and ceramic ware, and drilling oil. GMDC has a sizeable presence in the energy sector. The company has a diversified portfolio of thermal power projects and renewable power generation projects comprising wind and solar power.
 "GMDC Q3FY25 results: PAT rises 26.3% to Rs 148 cr, income at Rs 767.92 cr")
