GMDCLTD

Mining & Minerals

₹274.3

0.00 (0.00%)

Market Cap	8,530 Cr		EPS	34.2		High	277.7
Stock P/E	7.8		Net Profit Margin	28.2		Low	268.25

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Performance

Today’s Low

Today’s High

268.25

277.7

52W Low

52W High

122.7

301.7

Open Price	269	Volume	6,783
Prev. Close	268

Fundamentals

Market Cap	8,530 Cr	ROE	22.9%
P/E Ratio(TTM)	7.8	EPS(TTM)	0.0
P/B Ratio	1.4	Dividend Yield	4.3%
Industry P/E	7.1	Book Value	189.1
		Face Value	2.0

About the Company

Gujarat Mineral Development Corporation (GMDC) was incorporated on 15th May, 1963 to develop major Mineral Resources in the State and started with a Silica Sand quarrying Plant near Surajdeval (Dist. Surendranagar) for crushing and screening of Silica Sand required for Glass Industry. From this humble starting, GMDC today boasts of a vast array of Mineral Portfolio in its mineral rich basket. Hence, the journey of GMDC begins for Mining Sector of Gujarat.

The Fledgling State acutely the need to have a rapid Industrial Development, for requires Fuel and Energy resources. The motive inspired the state to incorporate a Public Sector Company that would target exclusive development of Mineral Resources endowed on the state. Thus, began a historical journey which has today reached a milestone of Glorious fifty five years.

Business area of the company

The company is engaged in business of mining and mineral processing. The product range of the company includes Lignite, Fluorspar- The company manufactures two grades of fluorspar namely acid and metallurgical and has applications in industries like steel, aluminium, hydrochloric acid, foundry flux and welding electrodes.The company also two Bauxite reserves. The company also in the business segment of Power Project, Mining Projects.

Products

Minerals & Mines

Lignite
Bauxite
Fluorspar
Manganese
Silica Sand
Limestone
Bentonite
Ball Clay

Power

Thermal Power
Wind Power
Solar Power
Green Footprint

Milestones

1963: GMDC was incorporated on 15th May 1963
1964: Fluorspar Mining Lease Allotted to GMDC
1965: Allotted a Bauxite Mining Lease
1974: Allotted a Lignite Mining Lease
1983: Lignite Mine open at Rajpardi
1994: GMDC commission Calcination Plant at Gadhsisa
1996: Established a 250 (125*2) MW Thermal Power Plant
1997: GMDC become a listed company in the Corporate World
2002: Corporate Office at Ahmedabad
2005: Lignite Mine opened at Tadkeshwar, Surat
2006: All Manganese bearing areas of Gujarat reserved for GMDC
2008: Lignite Mine opened at Bhavnagar
2009: GMDC ventured into harnessing the wind energy and commissioned
2010: The GMDC first implemented ISO-9001
2011: The GMDC also embarked on a sophisticated Enterprise Resource Planning system
2015: Lignite Mine opened at Umarsar, Kutch
2016: Won Golden Peacock Occupational Health & Safety award 2016
2019: The company once again wins National Mines Safety Awards
2020: GMDC contributes Rs 25 crore to CM Relief Fund to fight the Corona Virus threat in the State