Gujarat Mineral Development Corporation Limited (GMDC) is a major Indian state-owned minerals and lignite mining company based in Ahmedabad.[1][2] GMDC was founded in 1963.
Its product range includes essential energy minerals like lignite, base metals and industrial minerals like bauxite and fluorspar.[2] Gujarat government has given its green signal to GMDC to form a joint venture with NALCO for a 1 mtpa refinery.[3]
The company has grown in strength since its inception over the years. In 1963 the company commenced its operation with small silica sand quarry. In 1964 it started with bauxite mines in Kutch and now operates six bauxite mines. In 1971, a beneficiation plant was commissioned by GMDC to process 500 M.T of fluorspar ore and to produce calcium fluoride used for the manufacture of Hydro-fluoric acid and as flux in metallurgical industries. A captive mine at Ambadungar was established also to feed the plant. In 1976 lignite was discovered in Gujarat and GMDC started its first lignite mines at Panadhro. In 1980, a captive refining plant with copper mines was set up by GMDC near Ambaji. In 1983, another lignite mine was discovered & started by it at Rajpardi near Bharuch. In 1992, it established a calcination plant to add value to the bauxite mined by it at Gadhsisha in Kutch. In 1996, to use the lignite mined by it, GMDC also started thermal power plant at Nani-Chher in Kutch. In 2005 & 2009 more lignite mines were started by GMDC at Tadkeshwar near Surat and near Bhavnagar, respectively. Also in 2006 it developed manganese ore mines at Shivarajpur in Panchmahals.[1] It is also setting up an Alumina plant with Raytheon Corporation of USA.[2]
Public listing
In 1999, the government of Gujarat being the sole owner, divested 26% of its stake and the GMDC became a listed entity (BSE&NSE) and is occupying a position within the top fortune 500 companies in our country with an annual turnover surpassing 10 billion with considerable annual growth rate.[1][4][5]
References
^ abc. Archived from the original on 9 July 2012. Retrieved 15 May 2011.
^ abcGujarat Mineral Development Corporation Limited
^"Gujarat minerals body gets govt nod for joint venture with Nalco". 8 June 2012.
^Gujarat Mineral Development Corporation Ltd. BSE | NSE
^Gujarat Mineral Development Corporation Ltd. Stock price THE ECONOMIC TIMES
January 07, 2023
gujarat, mineral, development, corporation, limited, gmdc, major, indian, state, owned, minerals, lignite, mining, company, based, ahmedabad, gmdc, founded, 1963, limitedtypepublic, 532181, gmdcltdindustryminingfounded1963headquartersahmedabad, gujarat, indiaa. Gujarat Mineral Development Corporation Limited GMDC is a major Indian state owned minerals and lignite mining company based in Ahmedabad 1 2 GMDC was founded in 1963 Gujarat Mineral Development Corporation LimitedTypePublic BSE 532181 NSE GMDCLTDIndustryMiningFounded1963HeadquartersAhmedabad Gujarat IndiaArea servedGujaratKey peopleManoj Kumar Das IAS Chairman Arun Solanki IAS Managing director Mona Khandar IAS Director Sonal Mishra IAS Director ProductsLigniteBauxiteFloursparManganeseSilica SandLimestoneBentoniteBall ClayRevenue 2 734 79 crore US 340 million FY2022 Operating income 580 57 crore US 73 million FY2022 Net income 404 98 crore US 51 million FY2022 OwnerGovernment of GujaratNumber of employees1500 Websitewww wbr gmdcltd wbr comIts product range includes essential energy minerals like lignite base metals and industrial minerals like bauxite and fluorspar 2 Gujarat government has given its green signal to GMDC to form a joint venture with NALCO for a 1 mtpa refinery 3 GMDC also owns and runs Akrimota Thermal Power Station a 250 MW 2x125 MW lignite based thermal power plant located in village Nanichher in Lakhpat Taluka Kutch District Product range EditThe company has grown in strength since its inception over the years In 1963 the company commenced its operation with small silica sand quarry In 1964 it started with bauxite mines in Kutch and now operates six bauxite mines In 1971 a beneficiation plant was commissioned by GMDC to process 500 M T of fluorspar ore and to produce calcium fluoride used for the manufacture of Hydro fluoric acid and as flux in metallurgical industries A captive mine at Ambadungar was established also to feed the plant In 1976 lignite was discovered in Gujarat and GMDC started its first lignite mines at Panadhro In 1980 a captive refining plant with copper mines was set up by GMDC near Ambaji In 1983 another lignite mine was discovered amp started by it at Rajpardi near Bharuch In 1992 it established a calcination plant to add value to the bauxite mined by it at Gadhsisha in Kutch In 1996 to use the lignite mined by it GMDC also started thermal power plant at Nani Chher in Kutch In 2005 amp 2009 more lignite mines were started by GMDC at Tadkeshwar near Surat and near Bhavnagar respectively Also in 2006 it developed manganese ore mines at Shivarajpur in Panchmahals 1 It is also setting up an Alumina plant with Raytheon Corporation of USA 2 Public listing EditIn 1999 the government of Gujarat being the sole owner divested 26 of its stake and the GMDC became a listed entity BSE amp NSE and is occupying a position within the top fortune 500 companies in our country with an annual turnover surpassing 10 billion with considerable annual growth rate 1 4 5 References Edit a b c GMDC LTD Archived from the original on 9 July 2012 Retrieved 15 May 2011 a b c Gujarat Mineral Development Corporation Limited Gujarat minerals body gets govt nod for joint venture with Nalco 8 June 2012 Gujarat Mineral Development Corporation Ltd BSE NSE Gujarat Mineral Development Corporation Ltd Stock price THE ECONOMIC TIMES Retrieved from https en wikipedia org w index php title Gujarat Mineral Development Corporation amp oldid 1097214992, wikipedia, wiki, book, books, library,
