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{{ | {{Short description|Indian state-owned company}} | ||
{{use Indian English|date=May 2014}} | |||
{{Use dmy dates|date=May 2014}} | {{Use dmy dates|date=May 2014}} | ||
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| locations = | | locations = | ||
| area_served = Gujarat | | area_served = Gujarat | ||
| key_people = {{Unbulleted list| | | key_people = {{Unbulleted list|[[Dr. Hasmukh Adhia]], Retd.IAS ([[Chairman]])|Roopwant Singh, IAS | ||
([[Managing director]])| | ([[Managing director]])|Ms Arti Kanwar, IAS ([[Company director|Secretary (EA), Finance Department]])}} | ||
| products = {{Unbulleted list|[[Lignite]]|[[Bauxite]]|Flourspar|[[Manganese]]|Silica Sand|[[Limestone]]|[[Bentonite]]|Ball Clay}} | | products = {{Unbulleted list|[[Lignite]]|[[Bauxite]]|Flourspar|[[Manganese]]|Silica Sand|[[Limestone]]|[[Bentonite]]|Ball Clay}} | ||
| revenue | | revenue = {{up}}{{INRConvert|2734.79|c}}(FY2022) | ||
| operating_income = {{ | | operating_income = {{up}}{{INRConvert|580.57|c}}(FY2022) | ||
| net_income | | net_income = {{up}}{{INRConvert|404.98|c}}(FY2022) | ||
| owner = [[Government of Gujarat]] | | owner = [[Government of Gujarat]] | ||
| num_employees = {{Unbulleted list|class=nowrap| | | num_employees = {{Unbulleted list|class=nowrap| 1500+}} | ||
| Type = | | Type = | ||
| location_country = India | | location_country = India | ||
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}} | }} | ||
'''Gujarat Mineral Development Corporation Limited''' ('''GMDC''') is a major Indian state-owned minerals and lignite mining company based in [[Ahmedabad]].<ref name=a>{{Cite web |url=http://www.gmdcltd.com/showpage.aspx?contentid=1031 |title=GMDC LTD |access-date=15 May 2011 |archive-url=https://web.archive.org/web/20120709014213/http://www.gmdcltd.com/showpage.aspx?contentid=1031 |archive-date=9 July 2012 |url-status=dead }}</ref><ref name=b>[https://books.google.com/books?id=eMGgb5Nd_cgC | '''Gujarat Mineral Development Corporation Limited''' ('''GMDC''') is a major Indian state-owned minerals and lignite mining company based in [[Ahmedabad]].<ref name=a>{{Cite web |url=http://www.gmdcltd.com/showpage.aspx?contentid=1031 |title=GMDC LTD |access-date=15 May 2011 |archive-url=https://web.archive.org/web/20120709014213/http://www.gmdcltd.com/showpage.aspx?contentid=1031 |archive-date=9 July 2012 |url-status=dead }}</ref><ref name=b>[https://books.google.com/books?id=eMGgb5Nd_cgC&dq=Gujarat+Mineral+Development+Corporation+Limited.&pg=PA227 Gujarat Mineral Development Corporation Limited]</ref> GMDC was founded in 1963. | ||
Its product range includes essential energy minerals like lignite, base metals and industrial minerals like bauxite and fluorspar.<ref name=b/> Gujarat government | Its product range includes essential energy minerals like lignite, base metals and industrial minerals like bauxite and fluorspar.<ref name=b/> Gujarat government has given its green signal to GMDC to form a joint venture with [[National Aluminium Company|NALCO]] for a 1 mtpa refinery.<ref>{{cite news| url=http://www.thehindubusinessline.com/companies/article3505725.ece | title=Gujarat minerals body gets govt nod for joint venture with Nalco | date=8 June 2012}}</ref> | ||
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 | Lakhpat Taluka]], [[Kutch District]]. | 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 | Lakhpat Taluka]], [[Kutch District]]. | ||
==Product range== | ==Product range== | ||
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 | 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 | ||
[[Panchmahal]]s.<ref name=a/> It is also setting up an Alumina plant with [[Raytheon]] Corporation of USA.<ref name=b/> | [[Panchmahal]]s.<ref name=a/> It is also setting up an Alumina plant with [[Raytheon]] Corporation of USA.<ref name=b/> As part of its Vocational Training Center (VTC) initiatives, GMDC implemented customized Extended Reality (XR) modules to enhance safety awareness and operator readiness for dumper operations.<ref>{{Cite web |title=XR-based Dumper Operations & Safety Training |url=https://radiumxr.com/xr-based-dumper-operations-safety-training-gmdc |website=RadiumXR |access-date=19 March 2026}}</ref> | ||
===Akrimota Thermal Power Station=== | |||
'''Akrimota Thermal Power Station''' ({{coord|23.769788|68.645427|display=inline}}) is a [[lignite]]-based thermal power plant located in village [[Nanichher]] in [[Lakhpat | Lakhpat Taluka]], [[Kutch District]], [[Gujarat]]. The power plant is run by the Corporation. The power plant has an installed capacity of 250 MW (2x125 MW).<ref>{{Cite web |url=http://www.gmdcltd.com/projects/power.aspx |title=Power | Gujarat Mineral Development Corporation Ltd |access-date=21 August 2014 |archive-url=https://web.archive.org/web/20140826161025/http://www.gmdcltd.com/projects/power.aspx |archive-date=26 August 2014 |url-status=dead }}</ref> | |||
{| class="sortable wikitable" | |||
! Stage !! Unit number !! Installed capacity ([[Watt#Megawatt|MW]]) !! Date of commissioning !! Status | |||
|- | |||
| Stage I || 1 || 125 || 2005 March || Running | |||
|- | |||
| Stage I || 2 || 125 || 2005 December || Running | |||
|- | |||
|} | |||
== Public listing == | == 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 | 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 the country with an annual turnover surpassing 10 billion with considerable annual growth rate.<ref name=a/><ref>[http://money.rediff.com/companies/gujarat-mineral-development-corporation-ltd/15110037 Gujarat Mineral Development Corporation Ltd. BSE | NSE]</ref><ref>[http://economictimes.indiatimes.com/gujarat-mineral-development-corporation-ltd/stocks/companyid-4653.cms Gujarat Mineral Development Corporation Ltd. Stock price] THE ECONOMIC TIMES</ref> | ||
== Upcoming Projects == | |||
GMDC is keen to set up a Rare Earth Elements Processing Plant, in the country as REEs are essential for developing green energy technologies like permanent magnets for electric vehicles and wind turbines and LEDs.<ref>{{cite news | url=https://timesofindia.indiatimes.com/business/india-business/gmdc-plans-to-set-up-rare-earth-elements-processing-plant/articleshow/93935623.cms | title=GMDC plans to set up Rare Earth Elements Processing Plant | newspaper=The Times of India | date=September 2022 }}</ref> | |||
==References== | ==References== | ||
| Line 49: | Line 65: | ||
[[Category:Copper mining companies of India]] | [[Category:Copper mining companies of India]] | ||
[[Category:Metal companies of India]] | [[Category:Metal companies of India]] | ||
[[Category:Government-owned companies of India]] | [[Category:Government-owned mining companies of India]] | ||
[[Category:Companies based in Ahmedabad]] | [[Category:Companies based in Ahmedabad]] | ||
[[Category:Companies based in Gujarat]] | [[Category:Companies based in Gujarat]] | ||
[[Category:Non-renewable resource companies established in 1963]] | [[Category:Non-renewable resource companies established in 1963]] | ||
[[Category:State agencies of Gujarat]] | [[Category:State agencies of Gujarat]] | ||
[[Category:1963 establishments in Gujarat]] | [[Category:1963 establishments in Gujarat]] | ||
[[Category:Indian companies established in 1963]] | [[Category:Indian companies established in 1963]] | ||
[[Category:Companies listed on the National Stock Exchange of India]] | |||
[[Category:Companies listed on the Bombay Stock Exchange]] | |||
Latest revision as of 11:13, 20 March 2026
 | |
| Industry | Mining |
|---|---|
| Founded | 1963 |
| Headquarters | Ahmedabad, Gujarat , India |
Area served | Gujarat |
Key people |
|
| Products | |
| Revenue |  ₹2,734.79 crore (US$380 million)(FY2022) |
| ₹580.57 crore (US$81 million)(FY2022) | |
| ₹404.98 crore (US$57 million)(FY2022) | |
| Owner | Government of Gujarat |
Number of employees |
|
| Website | www |
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]
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[edit | edit source]
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] As part of its Vocational Training Center (VTC) initiatives, GMDC implemented customized Extended Reality (XR) modules to enhance safety awareness and operator readiness for dumper operations.[4]
Akrimota Thermal Power Station[edit | edit source]
Akrimota Thermal Power Station (23°46′11″N 68°38′44″E / 23.769788°N 68.645427°E) is a lignite-based thermal power plant located in village Nanichher in Lakhpat Taluka, Kutch District, Gujarat. The power plant is run by the Corporation. The power plant has an installed capacity of 250 MW (2x125 MW).[5]
| Stage | Unit number | Installed capacity (MW) | Date of commissioning | Status |
|---|---|---|---|---|
| Stage I | 1 | 125 | 2005 March | Running |
| Stage I | 2 | 125 | 2005 December | Running |
Public listing[edit | edit source]
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 the country with an annual turnover surpassing 10 billion with considerable annual growth rate.[1][6][7]
Upcoming Projects[edit | edit source]
GMDC is keen to set up a Rare Earth Elements Processing Plant, in the country as REEs are essential for developing green energy technologies like permanent magnets for electric vehicles and wind turbines and LEDs.[8]
References[edit | edit source]
- ↑ 1.0 1.1 1.2 "GMDC LTD". Archived from the original on 9 July 2012. Retrieved 15 May 2011.
- ↑ 2.0 2.1 2.2 Gujarat Mineral Development Corporation Limited
- ↑ "Gujarat minerals body gets govt nod for joint venture with Nalco". 8 June 2012.
- ↑ "XR-based Dumper Operations & Safety Training". RadiumXR. Retrieved 19 March 2026.
- ↑ "Power | Gujarat Mineral Development Corporation Ltd". Archived from the original on 26 August 2014. Retrieved 21 August 2014.
- ↑ Gujarat Mineral Development Corporation Ltd. BSE | NSE
- ↑ Gujarat Mineral Development Corporation Ltd. Stock price THE ECONOMIC TIMES
- ↑ "GMDC plans to set up Rare Earth Elements Processing Plant". The Times of India. September 2022.