GMDCLTD
532181Gujarat Mineral Development Corporation Ltd (GMDC) is a leading state-owned enterprise based in Gujarat, India, focused on mineral exploration, development, and mining. Established in 1963, GMDC holds a diversified portfolio across lignite, bauxite, and other mineral resources, serving various industrial sectors such as power, ceramics, and aluminum. Headquartered in Ahmedabad, the company manages multiple mining sites in Gujarat and operates lignite-based power plants, underlining its strategic importance to the state's mineral and energy infrastructure.
Gujarat Mineral Development Corporation Ltd
About
Gujarat Mineral Development Corporation Ltd (GMDC) is a leading state-owned enterprise based in Gujarat, India, focused on mineral exploration, development, and mining. Established in 1963, GMDC holds a diversified portfolio across lignite, bauxite, and other mineral resources, serving various industrial sectors such as power, ceramics, and aluminum. Headquartered in Ahmedabad, the company manages multiple mining sites in Gujarat and operates lignite-based power plants, underlining its strategic importance to the state's mineral and energy infrastructure.
GMDC's operations are supported by an integrated approach that spans across mining, processing, and marketing, with active investments in technology, environment-friendly practices, and capacity expansion projects. Consistent with government priorities, the company emphasizes responsible mining, innovation, and value addition to its mineral resources, positioning itself as a catalyst for regional industrial growth.
Business Model & Strategy
GMDC earns its primary revenue from the extraction and sale of minerals—especially lignite and bauxite—supplying to both state-run and private industrial consumers. The company leverages long-term supply agreements with power plants and industrial units, and also sells electricity generated from its captive lignite-based power stations.
Growth strategies involve capacity expansions, diversification into new minerals, and value-added processing. GMDC commits to adopting sustainable mining techniques, optimizing operational efficiencies, and partnering with downstream industries. The company also explores strategic collaborations and new mining leases to strengthen mineral security and expand its footprint beyond Gujarat.
Management Overview
11 MembersMr.Hasmukh Adhia IAS Retd
Non-Executive - Non Independent Director-ChairpersonMr.Roopwant Singh IAS
Executive Director-MDLKulshrestha
General Manager (Finance) & Chief Financial OfficerMs.Arti Kanwar IAS
Non-Executive - Non Independent DirectorMrs.Gauri Kumar IAS Retd
Non-Executive - Independent DirectorMr.Shailesh Gandhi
Non-Executive - Independent DirectorMrs.Mamta Verma IAS
Non-Executive - Non Independent DirectorMr.Sharvil Pankajbhai Patel
Non-Executive - Independent DirectorMr.Rajinder Khanna IPS Retd
Non-Executive - Independent DirectorSmt.Anupma K. Iyer
Chief Financial OfficerJoelEvans
Company Secretary & Compliance OfficerAwards & Recognition
4 Awards- Recognized among India’s top public sector mining companies by Ministry of Mines (2024)
- CII National Award for Excellence in Energy Management (2023, 2024)
- Featured in ESG disclosures and governance rankings in the mining sector (2024)
- Received state-level accolades for sustainable mining and community engagement (2023-24)
Market Information
Company Timeline
61+ Years of Excellence | 6 Major Milestones
Company incorporated by Government of Gujarat.
Commissioned Akrimota Thermal Power Station.
Expanded bauxite mining operations in Kutch district.
Listed on National Stock Exchange (NSE).
Initiated lignite gasification project feasibility studies.
Received CII award; announced diversification into rare earths exploration.
The Next Evolution
Contact Information
Registered Office
Khanij Bhavan, 132 Ft. Ring Road, Near University Ground, Vastrapur
Tel: 079-27910665 / 27911662 / 27913200 / 27913201,
Fax: 079-27911151,
Email: cosec@gmdcltd.com
Website: gmdcltd.com
Corporate Actions
0No Data Found
₹17,903 Cr.
N/A
₹772 / 400
18.72
₹222.41
2.53
₹30.07
₹2.00
1.79 %
Manage Ratio
FINANCIALS
| Annual Results | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | - | - | - | 2,024 | 1,692 | 1,492 | 2,889 | 3,895 | 2,733 | 3,206 | 3,077 | 3,268 |
| Expenses | - | - | - | 1,422 | 1,431 | 1,445 | 2,154 | 2,237 | 1,918 | 2,310 | 2,331 | 2,501 |
| Profit | - | - | - | 220 | 204 | -39.34 | 405 | 1,216 | 617 | 686 | 957 | 956 |
| Tax | - | - | - | 169 | 58 | -307.58 | 332 | 445 | 201 | 209 | 311 | 315 |
| EPS | - | - | - | 4 | 6 | -1.24 | 13 | 38 | 19 | 22 | 30 | 5.14 |
| Ratios | - |
Cash Flow
Consolidated Figures in Rs. Crores
| Annual Balance Sheet | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | - | - | - | 5,207 | 5,211 | 4,963 | 5,916 | 6,921 | 7,367 | 7,750 | 8,983 | - |
| Equity And Liabilities | - | - | - | 5,207 | 5,211 | 4,963 | 5,916 | 6,921 | 7,367 | 7,750 | 8,983 | - |
Shareholding Pattern
Numbers in Percentages
| Quarterly SHP Announcement Date | Mar 2016 12 Apr '16 | Mar 2017 31 Mar '17 | Mar 2018 31 Mar '18 | Mar 2019 05 May '19 | Mar 2020 09 May '20 | Mar 2021 19 Apr '21 | Mar 2022 08 Apr '22 | Mar 2023 20 Apr '23 | Mar 2024 12 Apr '24 | Mar 2025 11 Apr '25 | Mar 2026 07 Apr '26 | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Goverments | - | - | - | 0.03% | 0.03% | 0.04% | 0.05% | - | - | - | - | - |
| Promoter And Promoter Group | - | - | - | 74.00% | 74.00% | 74.00% | 74.00% | 74.00% | 74.00% | 74.00% | 74.00% | - |
| Non Institutions | - | - | - | 11.89% | 13.55% | 22.18% | 20.36% | 20.54% | 23.44% | 23.09% | 21.31% | - |
| FII | - | - | - | - | - | - | - | 3.81% | 1.82% | 2.15% | 3.75% | - |
| DII | - | - | - | - | - | - | - | 1.65% | 0.74% | 0.76% | 0.94% | - |
| Total | - | - | - | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | - |
Gujarat Mineral Development Corporation Ltd
Gujarat Mineral Development Corporation Ltd
Gujarat Mineral Development Corporation Ltd (GMDC) is a leading state-owned enterprise based in Gujarat, India, focused on mineral exploration, development, and mining. Established in 1963, GMDC holds a diversified portfolio across lignite, bauxite, and other mineral resources, serving various industrial sectors such as power, ceramics, and aluminum. Headquartered in Ahmedabad, the company manages multiple mining sites in Gujarat and operates lignite-based power plants, underlining its strategic importance to the state's mineral and energy infrastructure.
GMDC's operations are supported by an integrated approach that spans across mining, processing, and marketing, with active investments in technology, environment-friendly practices, and capacity expansion projects. Consistent with government priorities, the company emphasizes responsible mining, innovation, and value addition to its mineral resources, positioning itself as a catalyst for regional industrial growth.
GMDC earns its primary revenue from the extraction and sale of minerals—especially lignite and bauxite—supplying to both state-run and private industrial consumers. The company leverages long-term supply agreements with power plants and industrial units, and also sells electricity generated from its captive lignite-based power stations.
Growth strategies involve capacity expansions, diversification into new minerals, and value-added processing. GMDC commits to adopting sustainable mining techniques, optimizing operational efficiencies, and partnering with downstream industries. The company also explores strategic collaborations and new mining leases to strengthen mineral security and expand its footprint beyond Gujarat.
Recognized among India’s top public sector mining companies by Ministry of Mines (2024)
CII National Award for Excellence in Energy Management (2023, 2024)
Featured in ESG disclosures and governance rankings in the mining sector (2024)
Received state-level accolades for sustainable mining and community engagement (2023-24)
Company incorporated by Government of Gujarat.
Commissioned Akrimota Thermal Power Station.
Expanded bauxite mining operations in Kutch district.
Listed on National Stock Exchange (NSE).
Initiated lignite gasification project feasibility studies.
Received CII award; announced diversification into rare earths exploration.
Peer Comparison
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Heatmap View
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Financial Ratios
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