GMDC Receives Provisional ESG Rating of 77.7 from CareEdge ESG Ratings
Gujarat Mineral Development Corporation Limited has received a provisional ESG rating of 77.7 from CareEdge ESG Ratings Ltd, placing it in the Leadership category for ESG risk management. The assessment, conducted during November 19-21, 2025, involved field visits to operational assets and management discussions. This rating reflects GMDC's strong governance systems, policy frameworks, and performance parameters, reinforcing its commitment to transparency and responsible business practices as part of its Environmental, Social, Governance Framework.
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Gujarat mineral development corporation Limited (GMDC) has achieved a significant milestone in its sustainability journey by receiving a provisional ESG rating of 77.7 from CareEdge ESG Ratings Ltd. The rating, announced on January 8, 2026, positions the state-owned mining company in the Leadership category for ESG risk management.
ESG Assessment Details
The comprehensive ESG evaluation was conducted through a structured approach combining multiple assessment methodologies. CareEdge ESG Ratings Ltd carried out the assessment during November 19-21, 2025, employing both on-ground evaluation and direct management engagement.
| Assessment Component: | Details |
|---|---|
| Rating Score: | 77.7 (CareEdge-ESG 1) |
| Assessment Period: | November 19-21, 2025 |
| Category Achieved: | Leadership |
| Methodology: | On-ground assessment and management engagement |
The evaluation process included field visits to GMDC's operational assets and structured discussions with senior management at the Corporate Office. The assessment was based on disclosures provided by GMDC as well as publicly available information.
Leadership Category Recognition
According to CareEdge ESG Ratings Ltd, the assigned score of 77.7 places GMDC in the Leadership category for ESG risk management. This recognition reflects the corporation's comprehensive approach towards several key areas that were evaluated as part of the rating exercise.
The rating agency assessed GMDC's performance across multiple parameters:
- Governance systems and frameworks
- Policy implementation and effectiveness
- Disclosure practices and transparency
- Overall ESG performance metrics
Strategic ESG Framework Integration
The ESG rating forms an integral part of GMDC's structured progression under its Environmental, Social, Governance Framework. This framework reinforces the company's focus on transparency, responsible business practices, and long-term value creation for stakeholders, aligning with evolving sustainability and disclosure expectations in the mining sector.
MD-GMDC Roopwant Singh, IAS, commented on the achievement, stating that the ESG rating reflects GMDC's commitment to responsible growth anchored in strong governance, environmental stewardship, and social responsibility. As a public sector enterprise, the company maintains its focus on pursuing inclusive progress that supports development with positive societal impact.
Company Profile and Operations
Gujarat Mineral Development Corporation Limited operates as one of India's leading mining players and functions as a State Public Undertaking of the Government of Gujarat. The company currently operates five lignite mines located across Kutch, South Gujarat, and Bhavnagar regions, establishing itself as the largest merchant seller of lignite in the country.
| Operational Details: | Information |
|---|---|
| Business Sector: | Mining |
| Ownership: | Government of Gujarat Enterprise |
| Active Mines: | 5 lignite mines |
| Geographic Presence: | Kutch, South Gujarat, Bhavnagar |
| Market Position: | Largest merchant seller of lignite in India |
Historical Stock Returns for Gujarat Mineral Development Corporation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.78% | -8.34% | +7.03% | +47.80% | +90.11% | +776.30% |
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