Gujarat Mineral Development Corporation Ltd

Gujarat Mineral Development Corporation (GMDC), a Government of Gujarat enterprise and India's leading lignite producer, has received Environmental Clearance (EC) from the Ministry of Environment, Forest and Climate Change (MoEF&CC), Government of India for its Lakhpat-Punrajpur Lignite and Limestone Mine located in Kutch, Gujarat.Powered by Capital Market - Live

The MoU sets out a collaborative framework to assess the feasibility of gasifying coal from GMDC's coal blocks in Odisha and lignite from its mining operations in Gujarat. As part of the agreement, GMDC will undertake pilot initiatives, including surface and underground coal and lignite gasification, to evaluate technical feasibility, operational parameters and scalability. NTPC, on the other hand, will assess potential end-use applications of syngas produced, including techno-commercial viability and market opportunities across relevant industrial sectors. Subject to successful pilot outcomes, the two companies plan to evolve mutually agreed frameworks for joint production, marketing and commercialisation of syngas. They will also formulate a clearly defined, time-bound action plan to ensure systematic progress of the initiative. GMDC said it has already initiated preliminary assessments for commercialisation of downstream products and is in the process of engaging technical partners for detailed feasibility studies. The MoU is expected to strengthen these efforts by leveraging NTPC's expertise in large-scale energy systems and project execution. Commenting on the development, Roopwant Singh, managing director (MD), GMDC, said the collaboration underscores the company's commitment to innovation-led growth and optimal utilisation of mineral resources, while supporting national goals of energy security and industrial development. GMDC, India's second-largest lignite producer and the leading merchant seller of lignite, is a state-owned enterprise with the Gujarat government holding a 74% stake. The company mines lignite from deposit-rich regions across the state and supplies it to high-growth industries such as textiles, chemicals, ceramics, bricks, and captive power. The scrip fell 0.47% to Rs 573.50 on the BSE. NTPC, along with its subsidiaries/associates & JVs, is primarily involved in the generation and sale of bulk power to state power utilities. Other business of the group includes providing consultancy, project management & supervision, energy trading, oil & gas exploration, and coal mining. The scrip rose 0.58% to Rs 384.05 on the BSE. Powered by Capital Market - Live

Net profit of Gujarat Mineral Development Corporation declined 9.89% to Rs 133.06 crore in the quarter ended December 2025 as against Rs 147.66 crore during the previous quarter ended December 2024. Sales declined 11.37% to Rs 579.15 crore in the quarter ended December 2025 as against Rs 653.42 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales579.15653.42 -11 OPM %17.4214.07 - PBDT201.58205.72 -2 PBT179.42179.29 0 NP133.06147.66 -10 Powered by Capital Market - Live

Gujarat Mineral Development Corp. will hold a meeting of the Board of Directors of the Company on 13 February 2026.Powered by Capital Market - Live

The stock has now gained 21.37% in three consecutive sessions and is up 75.54% so far this calendar year. The gains follow renewed interest in domestic mineral companies after the government cleared the scheme to promote manufacturing of sintered Rare Earth Permanent Magnets (REPM) on 26 November 2025. The programme carries an outlay of Rs 7,280 crore and aims to set up 6,000 MTPA of integrated REPM capacity in India. The scheme will support facilities that convert rare earth oxides into metals, then alloys, and finally finished magnets. It includes Rs 6,450 crore in sales-linked incentives over five years and Rs 750 crore in capital subsidies. Capacity will be allocated to five beneficiaries through global competitive bidding, with each allowed up to 1,200 MTPA. The scheme will run for seven years, including a two-year setup period and five years of incentives. Rare earth permanent magnets are critical for electric vehicles, renewable energy equipment, consumer electronics, aerospace and defence. India's demand is expected to double by 2030, but the country currently depends on imports. The government said the initiative will help build an integrated domestic supply chain, support strategic industries and advance India's long-term self-reliance and clean-energy goals. GMDC, India's second-largest lignite producer and the leading merchant seller of lignite, is a state-owned enterprise with the Gujarat government holding a 74% stake. The company mines lignite from deposit-rich regions across the state and supplies it to high-growth industries such as textiles, chemicals, ceramics, bricks, and captive power. On a consolidated basis, GMDC's net sales came in at Rs 527.58 crore, down 11.03% year-on-year (YoY). PBT before exceptional items fell 14.71% YoY to Rs 155.27 crore. In contrast, PAT jumped 264.27% YoY to Rs 465.75 crore, boosted by a sharp rise in exceptional income. GMDC booked an exceptional gain of Rs 474.43 crore following the GST rate hike on lignite from 5% to 18% effective 22 September 2025 and the removal of compensation cess. The change ended the earlier inverted duty structure, enabling the company to recognise accumulated input tax credit that had been expensed in prior periods. Powered by Capital Market - Live

Net profit of Gujarat Mineral Development Corporation rose 264.27% to Rs 465.75 crore in the quarter ended September 2025 as against Rs 127.86 crore during the previous quarter ended September 2024. Sales declined 11.03% to Rs 527.58 crore in the quarter ended September 2025 as against Rs 593.01 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales527.58593.01 -11 OPM %13.1023.68 - PBDT176.70202.13 -13 PBT154.91181.21 -15 NP465.75127.86 264 Powered by Capital Market - Live

On a consolidated basis, net sales came in at Rs 527.58 crore, down 11.03% YoY. PBT before exceptional items fell 14.71% YoY to Rs 155.27 crore. In contrast, PAT jumped 264.27% YoY to Rs 465.75 crore, boosted by a sharp rise in exceptional income. GMDC booked an exceptional gain of Rs 474.43 crore following the GST rate hike on lignite from 5% to 18% effective 22 September 2025 and the removal of compensation cess. The change ended the earlier inverted duty structure, enabling the company to recognise accumulated input tax credit that had been expensed in prior periods. Total expenses rose 1.51% YoY to Rs 480.49 crore. Employee costs surged 90.95% YoY to Rs 75.75 crore, while current tax expense soared 208.10% YoY to Rs 166.13 crore. Net cash flow from operating activities stood at Rs 257.43 crore in H1 FY26, lower than Rs 413.20 crore in H1 FY25. GMDC, India's second-largest lignite producer and the leading merchant seller of lignite, is a state-owned enterprise with the Gujarat government holding a 74% stake. The company mines lignite from deposit-rich regions across the state and supplies it to high-growth industries such as textiles, chemicals, ceramics, bricks, and captive power. Powered by Capital Market - Live

Gujarat Mineral Development Corp. will hold a meeting of the Board of Directors of the Company on 14 November 2025.Powered by Capital Market - Live

Gujarat Mineral Development Corporation announced that CRISIL ESG Ratings & Analytics assigned the Company an overall ESG Rating of CRISIL ESG 54 - Adequate. Powered by Capital Market - Live

The stock slumped 6.15% over the past three sessions. The stock is up 51.72% in one month, up 48.72% in three months and 70.26% in one year. The recent rally in GMDC shares has been supported by expectations of the government's push towards rare earth mining to strengthen domestic supply chains for critical minerals used in electric vehicles, renewable energy and high-tech electronics. GMDC is developing rare earth deposits in Gujarat's Chhota Udaipur district and plans to build an integrated supply chain from mining to processing. Brokerages, however, remain cautious on valuations, citing slower-than-expected ramp-up at lignite mines and limited visibility on rare earth projects. GMDC, India's second-largest lignite producer and the leading merchant seller of lignite, is a state-owned enterprise with the Gujarat government holding a 74% stake. The company mines lignite from deposit-rich regions across the state and supplies it to high-growth industries such as textiles, chemicals, ceramics, bricks, and captive power. The company's standalone net profit declined 11.07% to Rs 164.13 crore on a 10.45% drop in revenue from operations to Rs 732.60 crore in Q1 FY26 over Q1 FY25. Powered by Capital Market - Live