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Gujarat Mineral Development Corporation
SectorMetals & Mining
Gujarat Mineral Development Corporation Limited (GMDC) is an Indian mining and mineral processing company established by the Government of Gujarat in 1963. It is the largest merchant seller of lignite in India, operating five lignite mines. GMDC also produces bauxite, fluorspar, and manganese ore, and engages in power generation. The company's operations include thermal, solar, and wind power projects. GMDC has bauxite mines in Kutch and Devbhoomi Dwarka, a fluorspar project in Kadipani, and a manganese project in Shivrajpur. The company has diversified into wind energy with a 200 MW wind turbine commissioned in various districts of Gujarat in 2022. GMDC also operates a 250 MW thermal power plant at Nani Chher and has been allocated two coal blocks in Odisha.
In the news
GMDC, Titagarh Rail Lead Dividend Deadline Today
Gujarat Mineral Development offers 475% dividend payout
GMDC Sets Sept 23 Record Date for ₹9.50 Final Dividend
GMDC Q1 Results: Net profit declines 0.21% despite 24% revenue growth
India-UK launch joint critical minerals observatory in New Delhi
GMDC shares surge 5% on Quad critical minerals framework launch
GMDC shares surge 18% to 52-week high amid metal rally
GMDC hits 52-week high, surges 18% on strong volumes
GMDC, NMDC partner for rare earth development in Gujarat
GMDC secures environmental clearance for 3 MTPA Kutch project
GMDC-NTPC sign advanced coal gasification MoUs on Feb 26
GMDC shares surge 13% to 52-week high after India joins US AI initiative
GMDC shares rally 5% on Budget 2026 rare earth corridor announcement
GMDC, NLC India shares surge on Budget 2026 rare earth corridors
Company insights, generated from the most recent coverage.
Government intends to bring promoter holding down to 49-51% within 24 months, creating a persistent supply overhang that caps any re-rating in the stock.
Post-dividend and post-AGM selling added pressure — record date for the ₹9.5 final dividend was Sep 23 and the 63rd AGM was held Sep 30, so dividend-driven buyers had reason to exit.
Down 12.8% in a week, 14.5% in a month and 18.9% in three months — the weakness is a sustained downtrend across every timeframe, not a one-day event.