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GMDCLTD

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About

GMDCLTD

GMDCLTD

Mining & Minerals

156.2

0.00 (0.00%)

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Market Cap4,514 CrEPS25.8High159.85
Stock P/E5.5Net Profit Margin29.8Low154.7
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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
Parent OrganisationGujarat Mineral Development Corporation Ltd.Managing DirectorRoopwant Singh
Founded1963NSE SymbolGMDCLTD