Company Profile

Gujarat Mineral Development Corporation (GMDC) has received the Board's approval for Rs 3,041 crore capital outlay for the fiscal year 2025, reinforcing the company’s commitment to substantial growth and sustainable development in the mineral sector. With a keen focus on advancing its strategic priorities, this budget allocation will propel GMDC into a new era of innovation and industry leadership.

With a strategic allocation of Rs 1,138 crore towards new lignite projects, GMDC reinforces its commitment to the cornerstone of its mining operations. This investment will catalyze the enhancement of its existing lignite projects while also facilitating the development of new ventures, thereby ensuring its continued leadership in the sector.

GMDC dedicates Rs 629 crore to expedite the operationalization of the allotted coal blocks in Odisha. This initiative is pivotal in its strategy to harness the potential of early mine development, thereby contributing to the region's industrial prosperity and the nation's energy security.

Recognizing the role of critical minerals in the global economy, the company has earmarked Rs 462 crore for the expansion and modernization of its metal projects. This initiative is particularly focused on the extraction and processing of rare earth elements, vital for high-technology industries and national security applications.

GMDC is strategically investing Rs 371 crore into the development of power projects, with a significant emphasis on renewable energy, signaling a forward-thinking approach aimed at fostering a sustainable and environmentally responsible energy landscape.

Gujarat Mineral Development Corporation is engaged in business of mining and mineral processing.

Gujarat Mineral Development Corporation is currently trading at Rs. 417.35, up by 2.10 points or 0.51% from its previous closing of Rs. 415.25 on the BSE.

The scrip opened at Rs. 418.00 and has touched a high and low of Rs. 419.50 and Rs. 411.35 respectively. So far 53160 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 505.00 on 05-Feb-2024 and a 52 week low of Rs. 122.75 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 420.00 and Rs. 391.70 respectively. The current market cap of the company is Rs. 13257.42 crore.

The promoters holding in the company stood at 74.00%, while Institutions and Non-Institutions held 2.65% and 23.34% respectively.

Gujarat Mineral Development Corporation (GMDC) has received the Board's approval for Rs 3,041 crore capital outlay for the fiscal year 2025, reinforcing the company’s commitment to substantial growth and sustainable development in the mineral sector. With a keen focus on advancing its strategic priorities, this budget allocation will propel GMDC into a new era of innovation and industry leadership.

With a strategic allocation of Rs 1,138 crore towards new lignite projects, GMDC reinforces its commitment to the cornerstone of its mining operations. This investment will catalyze the enhancement of its existing lignite projects while also facilitating the development of new ventures, thereby ensuring its continued leadership in the sector.

GMDC dedicates Rs 629 crore to expedite the operationalization of the allotted coal blocks in Odisha. This initiative is pivotal in its strategy to harness the potential of early mine development, thereby contributing to the region's industrial prosperity and the nation's energy security.

Recognizing the role of critical minerals in the global economy, the company has earmarked Rs 462 crore for the expansion and modernization of its metal projects. This initiative is particularly focused on the extraction and processing of rare earth elements, vital for high-technology industries and national security applications.

GMDC is strategically investing Rs 371 crore into the development of power projects, with a significant emphasis on renewable energy, signaling a forward-thinking approach aimed at fostering a sustainable and environmentally responsible energy landscape.

Gujarat Mineral Development Corporation is engaged in business of mining and mineral processing.

Gujarat Mineral Development Corporation has sent a copy of Media Release issued by the Company. The said Media Release will also be available on the Company’s website www.gmdcltd.com.

The above information is a part of company’s filings submitted to BSE.

Signatureglobal (India) has reported 47 per cent increase in its sales booking to Rs 1,262.73 crore for the third quarter of this fiscal (Q3 FY24) on strong housing demand. Its sale bookings stood at Rs 856.77 crore in the year-ago period. The company sold 1,179 units in October-December period of this fiscal as against 1,089 units in the year-ago period. In terms of volumes, sale bookings rose to 1.31 million square feet in the third quarter of this fiscal from 1.10 million square feet in the year-ago period. 

Bajaj Auto has announced a Rs 4000 crore-share buyback of up to 4,000,000 shares for Rs 10,000 per share. The company's board has approved the proposal for buy back of up to 4,000,000 shares of face value of Rs 10 each at a price of Rs 10,000 per share for a total consideration not exceeding Rs 4,000 crore.

Fino Payments Bank has applied for a small finance bank (SFB) license with the Reserve Bank of India (RBI). RBI said during the quarter ended December 31, 2023, the Reserve Bank of India has received one application under the Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector dated December 05, 2019 from Fino Payments Bank.

SBC Exports has received work order from Ministry of Electronics and Information Technology through NICSI, New Delhi for providing Office Support, Project Management Support and Rollout Services. The aggregate purchase order cost of the said work-order is Rs 40.26 lakh. The order is to be executed within 12 months.

IndoStar Capital Finance has received approval for the issuance of listed, rated, secured, redeemable, non- convertible debentures (NCDs) in one or more series/tranches including the option of over-subscription (Greenshoe option) aggregating up to Rs 500 crore by way of public issue. The Board of Directors of the company at its meeting held on January 8, 2024, approved the same. 

UltraTech Cement has introduced five electric trucks for transport of clinker from its integrated cement manufacturing unit Dhar Cement Works, located in Madhya Pradesh, to its grinding unit Dhule Cement Works, located in Maharashtra.

Gujarat Mineral Development Corporation (GMDC) has received the Environmental Clearance for the capacity expansion from 3 MTPA to 5 MTPA of Lignite for Surkha(N) Lignite Mine, by the Ministry of Environment, Forest, and Climate Change (MOEFCC). The Surkha(N) Lignite Mine holds strategic importance for GMDC, representing a significant leap forward in the company's growth trajectory. This expansion not only signifies increased production but also aligns with GMDC's commitment to sustainability and responsible resource utilization.