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GMDC EYES 5X GROWTH WITH DIVERSE VENTURES AMID GUJARAT'S NEW PSU POLICY
The Business Guardian
|October 08, 2023
The State of Gujarat is endowed with minerals and materials which are essential for the growth of various industries.
While the state has been in the forefront of industrial development, Gujarat Mineral Development Corporation Ltd. (GMDC) is the country's leading mining and mineral processing company. Powering for more than six decades, it has been engaged in the development of mineral resources in the state of Gujarat producing 7.6 million tonnes per annum of Lignite and satisfying one third of Gujarat's total demand for mineral processing. GMDC is India's second largest Lignite producing company with deposit rich areas across the state and markets to various high growth industries such as textiles, chemicals, ceramics, bricks and captive power. The company is also involved in the exploration of Bauxite, Fluorspar, Manganese, Silica Sand, Limestone, Bentonite and Ball Clay which finds application across diverse industries from manufacturing of hydrofluoric acid and purifying water to manufacturing glass and ceramic ware and drilling oil. It also has a sizeable presence in the energy sector having a diversified portfolio of Thermal power projects and renewable power generation projects comprising wind and solar power. The
This story is from the October 08, 2023 edition of The Business Guardian.
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