Gujarat Mineral Development Corporation Limited (GMDC) is a leading state-owned minerals and lignite mining company based in Ahmedabad, Gujarat. Established in 1963, GMDC plays a pivotal role in supplying key industrial and energy minerals across India. Over the decades, the company has expanded its operations to include mining, beneficiation, and power generation, contributing significantly to Gujarat’s industrial growth.
Gujarat Mineral Development Corporation – Quick Overview
| Particular | Details |
| Company Name | Gujarat Mineral Development Corporation Limited (GMDC) |
| Type | Public Sector Undertaking |
| Founded | 1963 |
| Headquarters | Ahmedabad, Gujarat, India |
| Key People | Dr. Hasmukh Adhia (Chairman), Roopwant Singh (Managing Director), Ms Arti Kanwar (Secretary, Finance Dept.) |
| Owner | Government of Gujarat |
| Industry | Mining & Energy |
| Products | Lignite, Bauxite, Fluorspar, Manganese, Silica Sand, Limestone, Bentonite, Ball Clay |
| Employees | 1,500+ |
| Stock Listing | BSE: 532181, NSE: GMDCLTD |
| Official Website | www.gmdcltd.com |
Net Worth and Market Cap
As of FY2022, GMDC had converted revenue of ₹2,734.79 crore and operating income of ₹580.57 crore and net profit ₹404.98 crore. The market capitalization and financial strength of the company demonstrate the status of one of the largest Indian companies in the mining sector and supported by stable production and efficient management of the resources used.
Corporate Leadership
GMDC works under the guidance of Dr. Hasmukh Adhia (Chairman) and Roopwant Singh (Managing Director). The leadership is focused on sustainable growth, energy efficient mining and development of new developments like the Rare Earth Elements Processing Plant in order to support green energy technologies. The Government of Gujarat is the sole owner and provides strategic control and alignment with the state goals of development.
Overview of Services
GMDC specializes in mining and processing a broad spectrum of minerals such as lignite, bauxite, fluorspar, manganese, silica sand, limestone, bentonite and ball clay. Its operations also include the generation of thermal power through the Akrimota Thermal Power Station, having a capacity of 250MW. The company continues to have a big commitment in innovation, environment maintenance, and community development. GMDC is continuously engaged in exploring future projects such as the Rare Earth Elements Processing Plant to build up the green energy sector in India while ensuring the continuity of the supply of industrial minerals.
