About GMDC Limited 

Gujarat Mineral Development Corporation Ltd. (GMDC) is a Government of Gujarat enterprise and one of India’s foremost mining and mineral processing companies, recognised as the country’s foremost merchant seller and the second-largest producer of lignite. Its operations span mining and power, with capabilities in thermal, wind and solar generation, anchored in Gujarat and expanding into Odisha. The company supplies lignite, bauxite, manganese and silica sand to 3,000+ registered customers across industries such as textiles, chemicals, ceramics, bricks, refractories, abrasives and captive power; exports are Nil. Markets served: National (2 states).

GMDC operates five lignite mines across Kutch, South Gujarat and Bhavnagar, and a diversified power portfolio comprising thermal, wind and solar. In FY 2023-24, lignite production was 63.71 Lakh MT; thermal generation, 451.96 MUs; wind, 330.92 MUs; and solar, 6.72 MUs. The company reported 456 MW of installed power capacity. GMDC maintains zero debt on its books.

GMDC Limited  Key milestones include:

• Establishing two 125 MW thermal units at Nani Chher, Kutch (business diversification and value addition to lignite).
• Commissioning wind turbines in Gujarat; later enhancing wind capacity by 50 MW; and installing a 5 MW solar plant on reclaimed mined land at Panandhro, a first-of-its-kind initiative.
• Opening lignite mines at Mata No Madh (Kutch), Tadkeshwar (Surat), Umarsar (Kutch), and near Bhavnagar, and emerging as the largest merchant seller of lignite in India
• Launching Project SHIKHAR (organisation-wide transformation) and Project DISHA (thermal power turnaround).

GMDC Limited Key Management

• Dr. Hasmukh Adhia, IAS (Retd.) – Chairman
• Roopwant Singh, IAS – Managing Director
• Anupma Iyer – General Manager (Accounts) & Chief Financial Officer
• Joel Evans – Company Secretary

Latest Updates on GMDC Limited

• Acquisition of mining blocks: GMDC completed a historic acquisition of two coal mining blocks in Odisha—Burapahar (548 MT) and Baitarni West (1,097 MT)—with operations targeted to commence within the next three years. An MoU with Gujarat Urja Vikas Nigam Ltd. (GUVNL) aims at efficient utilisation of coal from these mines; ongoing lignite and coal-based power projects are poised to enhance capacity by 5,650 MW.
• Ramping up of core Lignite Business: The company is ramping up its core lignite business with six new lignite mines under development, representing 300+ Million Tonnes of mineable reserves, to be launched between FY 2026 and FY 2028.
• Rare Earths and critical minerals focus: GMDC launched the Sustainable Rare Earth (SURE) project and was nominated as a prospective lessee by the Department of Atomic Energy (Government of India) for mining REEs and associated minerals.
• Operational excellence: A Quality Control Cell was set up; labs are being upgraded towards NABL accreditation, with a move towards GCV-based pricing. Bauxite sales volumes rose 64% and silica sales volumes 157% in the latest year.
• Power reliability: A comprehensive revamp of the Akrimota Thermal Power Station is underway to improve efficiency and reduce costs from fiscal 2025.
• Recognition: GMDC was ranked 469th in the Fortune India 500 in FY 2023-24