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Gujarat Mineral Development Corporation is primarily engaged in 2 sectors i.e. mining and power.Its projects include Lignite, Bauxite, Fluorspar, Multi-Metal, Manganese, Power, Wind and Solar.
Gujarat Mineral Development Corporation's board approved Q1 consolidated results, reporting a Net Profit after tax of ₹163.43 Cr and Total Income of ₹906.64 Cr. Strategic MoUs were also approved to explore coal-to-chemicals with GNFC and Rare Earth Elements opportunities with IREL(India) Ltd.
GMDC's Board approved the full-year financial results for FY26. Consolidated revenue was ₹2653.38 Cr, with profit at ₹956.67 Cr and EPS at ₹30.08. A dividend of ₹9.50 (475%) per share was proposed, pending shareholder approval.
GMDC's board approved the financial results for the quarter. Notably, the company recognized ₹ 474.43 Cr in GST input credit as an exceptional item in Q2FY26 due to recent lignite GST rate changes, positively impacting the P&L.
GMDC's board met on July 25 and greenlit the appointment of M/s. Manoj Hurkat & Associates as the company's Secretarial Auditors. This strategic move secures their services for a five-year tenure, from April 1, 2025, to March 31, 2030. Investors should note this key governance update, which is subject to...
Gujarat Mineral Development Corporation (GMDC) has announced a board meeting where its consolidated financial results for the quarter ended June 30, 2025, were approved. The company's Board of Directors met and cleared the unaudited financial statements. These results are now accessible on the company's website, providing transparency on GMDC's latest...