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Latest news about Gujarat Mineral Development Corporation

GMDC Shares Surge 13% to Hit Fresh 52-Week High of Rs 512 2 days ago

Gujarat Mineral Development Corporation (GMDC) shares rose 13% to a new 52-week high of Rs 512.00, with 2.6 crore shares traded on NSE. The stock has gained 126% in six months, driven by government focus on rare earth mining. However, Q1 FY2024 results showed an 11% drop in net profit and 8% decrease in revenue compared to Q1 FY2023. GMDC, India's second-largest lignite producer, has a debt-free status and 900% return over five years. Despite the bullish trend, Nuvama maintains a 'Reduce' rating with a Rs 231.00 target price, citing expensive valuation and lack of concrete information on rare earth mining initiatives.

Modi Highlights India's Future Role in Global Semiconductor Market 5 days ago

China Lifts Export Restrictions on Key Materials to India, Potential Impact on GMDC Aug 19, 2025

Government Boosts GMDC Rare Earth Investment Plan to ₹5000 Crore Aug 04, 2025

GMDC Reports Decline in Q1 Financial Performance Jul 25, 2025

More news about Gujarat Mineral Development Corporation

24Jul 25

GMDC Set to Announce Q1 Results on July 25 Amid Strong Share Performance

Gujarat Mineral Development Corporation (GMDC) is scheduled to release its Q1 financial results on July 25. The company's stock has shown significant gains, rising 19.68% in the past five trading sessions and 40.55% year-to-date, reaching a 52-week high of Rs 472.40 on July 23. GMDC's previous quarter saw a 20.8% increase in consolidated net profit to Rs 226.22 crore and a 10% growth in total income to Rs 904.33 crore. The trading window for designated persons will remain closed until 48 hours after the results announcement.

22Jul 25

GMDC Shares Soar 21% in Five Days Amid Rare Earth Production Scheme Buzz

Gujarat Mineral Development Corporation (GMDC) stock has risen 20.98% in the last five trading sessions, reaching a 52-week high of Rs 468.00 before closing at Rs 457.80. The surge follows reports of a proposed Rs 1,345.00-crore government scheme to boost domestic rare earth magnet production. GMDC is developing a rare-earth deposit in Gujarat and plans to establish a complete rare earth elements value chain, positioning it to benefit from India's efforts to reduce dependence on Chinese imports for these critical materials used in high-tech and green technologies.

18Jul 25

PMO to Address Rare Earth Magnet Issue; GMDC in Focus

The Prime Minister's Office (PMO) is set to conduct a meeting on rare earth magnets, with Gujarat Mineral Development Corporation (GMDC) specifically mentioned. This high-level meeting underscores the government's focus on rare earth elements, critical for high-tech applications. GMDC's involvement suggests potential discussions on domestic production and supply of rare earth magnets. Separately, GMDC announced its board meeting on July 25, 2025, to consider and approve unaudited financial results for the quarter ending June 30, 2025.

11Jun 25

GMDC in Focus as Government Explores Rare-Earth Magnet Manufacturing by PSUs

The Indian government has launched an investigation into the potential for Public Sector Undertakings (PSUs) to manufacture rare-earth magnets. This initiative aims to boost self-reliance in critical mineral processing. Gujarat Mineral Development Corporation (GMDC) has been mentioned in connection with this project, though specific details of its involvement are not yet disclosed. The move could reduce India's dependence on imports for these crucial components used in high-tech applications and potentially establish the country as a player in the global rare-earth magnet market.

06Jun 25

Indian Government's Critical Minerals Recycling Initiative: Potential Impact on Hindustan Zinc

The Indian government is in the final stages of developing an incentive program to promote the recycling of critical minerals. This initiative aims to encourage sustainable resource management and reduce dependence on primary mining. The program could significantly impact companies in the mining and metals sector, including Hindustan Zinc Limited. While details are yet to be announced, the policy may influence market dynamics, operational strategies, and sustainability initiatives in the minerals industry. Companies like Hindustan Zinc may need to adapt their strategies and explore new opportunities in mineral recycling.

26May 25

GMDC Targets 15 Million Tons Lignite Production in a Decade, Expects Growth

Gujarat Mineral Development Corporation (GMDC) has announced plans to boost lignite production to 15 million tons within a decade. The company anticipates revenue and sales growth in the current fiscal year and plans to avoid new debt for the immediate future, potentially considering it towards the end of the next financial year. GMDC also hints at upcoming groundbreaking developments to support its growth trajectory.

15May 25

GMDC Reports Strong Q4 Results with 52.6% Jump in Net Profit, Declares Dividend

Gujarat Mineral Development Corporation (GMDC) announced strong Q4 FY2023 results with net profit soaring 52.63% to ₹2.90 billion. Revenue increased by 5.33% to ₹7.90 billion, while EBITDA grew 2.65% to ₹1.94 billion. The company's board declared a dividend of ₹10.10 per share. Despite robust growth, EBITDA margin slightly decreased to 24.62% from 25.13% year-over-year.

07May 25

GMDC Secures Long-term Limestone Supply Deal with City Gold Pipes

Gujarat Mineral Development Corporation (GMDC) has entered into a long-term limestone supply agreement with City Gold Pipes Pvt. Ltd. The limestone will be sourced from GMDC's Lakhpat Punrajpur mine in Kutch, Gujarat. This strategic partnership is expected to provide GMDC with a steady revenue stream, strengthen its market position, and potentially improve operational efficiency. The deal may also boost economic activity in the Kutch region.

06May 25

GMDC Secures Long-Term Limestone Supply Deal with City Gold Pipes

Gujarat Mineral Development Corporation (GMDC) has signed a long-term supply agreement with City Gold Pipes Pvt. Ltd. to provide limestone from its Lakhpat Punrajpur mine in Kutch, Gujarat. The partnership aims to ensure a steady supply of limestone for City Gold Pipes' operations while potentially securing a stable revenue stream for GMDC. This strategic move could contribute to the economic activity in the Kutch region and strengthen GMDC's position in the mineral supply chain.

Gujarat Mineral Development Corporation

509.00

+53.80

(+11.82%)

1 Year Returns:+39.76%

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