Gmdc

GMDC, MOIL rally up to 9%; why industrial mineral stocks in focus?

GMDC, MOIL rally on strong volume amid reports that the government approved a ₹7,280-crore incentive programme to boost domestic production of rare earth magnets.

Dividend stocks: SJVN, GMDC, Hindustan Copper, 43 others to remain in focus

Here is the complete list of stocks set to trade ex-dividend tomorrow, Thursday, September 18, 2025

GMDC stock rallies 11%, nears record high on heavy volumes; here's why

GMDC stock has zoomed 122% from its 52-week low of ₹226.20 hit on March 3, 2025, and now quotes close to its all-time high of ₹505 touched on February 5, 2024.

GMDC hits 18-month high. What's driving minerals stock 23% rally in 3 days?

GMDC stock rose 7% on Tuesday, and has more-than-doubled or zoomed 107% from its 52-week low hit on March 3, 2025.

GMDC soars 11% in weak market on huge volumes; stock nears 52-week high

GMDC stock hit a high of ₹421.65 in intra-day trade, and has bounced back 86% from its 52-week low of ₹226.20 touched on March 3, 2025.

What's behind 40% surge in GMDC stock price in past one month?

Shares of GMDC moved higher by 8 per cent to hit an over 10-month high of ₹414 on the BSE in Friday's intra-day trade amid heavy volumes.

GMDC Q4 results: Profit rises 21% to Rs 226 crore on higher income

State-owned Gujarat Mineral Development Corporation (GMDC) on Thursday reported a 20.8 per cent rise in consolidated profit at Rs 226.22 crore in the quarter ended March 31, 2025. The company had posted a consolidated profit of Rs 187.24 crore in the year-ago period, GMDC said in a regulatory filing to BSE. The consolidated income during the fourth quarter rose to Rs 904.33 crore against Rs 822.04 crore a year ago, the filing said. The total expenses during the quarter rose to Rs 619.44 crore as compared to Rs 585.02 crore during the same quarter of the preceding fiscal it said. GMDC is the country's second largest lignite-producing company. The company is involved in the exploration of bauxite, fluorspar, manganese, silica sand, limestone, bentonite and ball clay. It also has a presence in the energy and renewable energy sectors.

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 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.

Stocks to buy and sell on July 11: India Cements, GMDC, Marico

Markets fluctuated sharply within a range and ended up losing nearly half a percent, wiping out the gains from Tuesday's session

GMDC approves capex of Rs 3,041 cr for FY25, targets Rs 800 cr this fiscal

State-owned Gujarat Mineral Development Corporation Ltd (GMDC) on Thursday said its board has approved a capital expenditure of Rs 3,041 crore for the next fiscal. The PSU had set a capex target of Rs 800 crore for the ongoing financial year. "GMDC is proud to announce the Board's approval of a Rs 3,041 crore capital outlay for the fiscal year 2025, reinforcing our commitment to substantial growth and sustainable development in the mineral sector," it said in a regulatory filing. With a strategic allocation of Rs 1,138 crore towards new lignite projects, this investment will catalyse the enhancement of its existing lignite projects while also promoting the development of new ventures. "GMDC dedicates Rs 629 crore to expedite the operationalisation of the allotted coal blocks in Odisha," it said. Recognising the role of critical minerals in the global economy, the company has set aside Rs 462 crore for the expansion and modernisation of its metal projects. "This initiative is ...

Stock of this industrial minerals PSU has zoomed nearly 300% since Apr 2023

GMDC on Monday said that it has received a green nod to expand the capacity of its Surkha lignite mine in Gujarat

GMDC gets green approval for expanding Surkha lignite mine in Gujarat

State-owned GMDC on Monday said that it has received a green nod to expand the capacity of its Surkha lignite mine in Gujarat. The environment clearance was accorded by the Ministry of Environment, Forest, and Climate Change (MOEFCC) for expanding the capacity of Surkha (N) lignite mine from 3 million tonnes per annum (MTPA) to 5 MTPA. This expansion not only signifies increased production but also aligns with Gujarat Mineral Development Corporation's (GMDC) commitment to sustainability and responsible resource utilisation, the company said in a statement. "The approval of environmental clearance for the capacity expansion of Surkha (N) lignite mine is a pivotal moment for GMDC. This project's success is integral to our overall growth and revenue generation perspective," the company's Managing Director Roopwant Singh said. The enhanced lignite production capacity is likely to drive substantial revenue growth for GMDC, the statement added. "The expansion of lignite production ...

GMDC soars 15% on heavy volumes; stock more-than-doubled in 2 months

CARE Ratings believes that GMDC will continue to maintain its dominant market position in the lignite mining business with a healthy operating performance backed by sales volume growth.

Stock of this Gujarat government-owned company has zoomed 91% in 7 weeks

Shares of GMDC hit a record high of Rs 323.70 as they rallied 14%, surpassing its previous high of Rs 316.18 touched on November 12, 2007

Buy GMDC, Rites for gains up to 16%, recommends HDFC Securities

On the broader market outlook, Vinay Rajani the technical & derivative analyst says that the Nifty could trade in the range of 19,612 - 19,819 in the near term.

New dividend, bonus share policy to create value for Gujarat PSUs: Analysts

Analysts believe the move will create shareholder value

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. 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.

GMDC to study economic viability of rare earth elements processing unit

State-run GMDC on Thursday said it is contemplating to conduct a study to determine the economic viability of setting up a rare earth elements processing unit in Gujarat. Rare-earth elements (REE) also known as rare-earth metals are crucial to developing green energy technologies like permanent magnets for electric vehicles and wind turbines and LEDs. Gujarat Mineral Development Corporation (GMDC) "is looking at conducting a scoping study to determine the economic viability of the project and outline at least one opportunity to develop the processing plant for the deposit at Ambadongar, Chotaudepur district in Gujarat state in India," the PSU said in a statement. The company also plans to carry out a pre-economic assessment for the Ambadongar deposit involving, among other things, formulating a process flow design and all relevant testing for beneficiation and rare earth elements oxide production. "We at GMDC will ensure the establishment of a complete value chain for REE elements,

GMDC to increase lignite production by additional 1.5 MT this year

State-owned Gujarat Mineral Development Corporation (GMDC) on Thursday said it is augmenting lignite output by further 1.5 million tonnes this year. The development assumes significance as the PSU is targetting to build up its lignite production in a bid to support Micro, Small and Medium Enterprises (MSMEs) eyeing for cheaper fuel. GMDC Managing Director Roopwant Singh said that its customer base among MSMEs in textiles, chemicals, and ceramics along with captive power plants is increasing. Hence, the company is increasing its lignite production this year. "This will help us minimising the constantly increasing demand-supply gap and catering the energy requirements in the state," he said. The PSU has invited bids for its Surkha (N) mine in Bhavnagar from lignite mining contractors. The company produced 8.5 million tonnes of lignite last year and plans to increase it to 10 million tonnes this year. "The RFP for lignite Mining at Surkha (N), Bhavnagar, includes two packages with a