Gujarat Mineral Development Corporation Limited (GMDC) has been assigned a provisional ESG rating of 77.7 (CareEdge-ESG 1) by CareEdge ESG Ratings Ltd., marking a significant milestone in the company's sustainability journey. The rating announcement was made on January 8, 2026, following a comprehensive independent assessment of the mining corporation's environmental, social, and governance practices.

ESG Assessment Details

The ESG evaluation was conducted through a rigorous process combining on-ground assessment and management engagement. The assessment included field visits to GMDC's operational assets and structured discussions with senior management at the Corporate Office during November 19-21, 2025.

The assessment was based on disclosures provided by GMDC as well as information available in the public domain. According to the rating agency, the assigned score places GMDC in the "Leadership" category for ESG risk management.

Leadership Category Recognition

The "Leadership" category designation reflects Gujarat Mineral Development Corporation's comprehensive approach towards governance systems, policy frameworks, disclosures, and performance parameters evaluated as part of the rating exercise. This recognition underscores the company's commitment to responsible business practices and transparency in operations.

The ESG rating forms part of GMDC's structured progression under the Environmental, Social, Governance Framework, reinforcing its focus on transparency, responsible business practices, and long-term value creation for stakeholders. This aligns with evolving sustainability and disclosure expectations in the mining sector.

Management Commentary

Commenting on the ESG rating achievement, Sh. Roopwant Singh, IAS, MD-GMDC, stated that "The ESG rating reflects GMDC's commitment to responsible growth that is anchored in strong governance, environmental stewardship, and social responsibility. As a public sector enterprise, our focus remains on pursuing progress that is inclusive and support development that touches lives positively."

About GMDC

Gujarat Mineral Development Corporation Limited is one of the leading mining players in India and a State Public Undertaking of the Government of Gujarat. The company currently operates five lignite mines located in Kutch, South Gujarat, and Bhavnagar region, and is reportedly the largest merchant seller of lignite in the country.

The ESG rating has been assigned by CareEdge ESG Rating based on its independent assessment methodology and does not constitute an investment recommendation.

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.

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.