GMDC Share Price Surge Over 9% as Rare Earth Magnet Incentive Plan Gets Approved

On November 26, 2025, GMDC share price surged as news reports emerged that the Union Cabinet, to clear a ₹7,300 crore scheme aimed at domestic production of rare earth permanent magnets.  

The proposal intends to reduce import dependency and build an ecosystem around high-technology applications using rare earth elements. This policy development triggered broad-based buying across mining and mineral-related companies. 

So far in 2025, GMDC has delivered nearly 64.76% returns, supported by escalating mineral prices and consistent industrial sector demand. 

Wider Industry Reaction  

As positive sentiment spread, other players in the sector saw mild traction. NMDC Ltd rose 2% to ₹74.17, while Orissa Minerals Development Company Ltd climbed 1.35% to ₹4,937.50. Investors interpreted the proposed government backing as a sign of enhanced long-term value for mineral supply companies. 

According to news reports, the proposed initiative would support an annual production target of 6,000 tonnes for rare earth magnets, over a 7-year period. It will include fiscal and policy-based incentives tailored for domestic producers across the supply chain. 

Read More: Adani’s Kutch Copper Faces Raw Material Crunch Amid Global Mine Disruptions! 

Gujarat Mineral Development Share Price Performance  

As of November 26, 2025, at 3:24 PM, Gujarat Mineral Development share price on NSE was ₹533.70 up by 9.35% from the previous closing price. 

Conclusion 

The rally in GMDC and its peers was bolstered by the cabinet approval of strategic policy support for rare earth manufacturing. The new scheme could play a significant role in shifting the dynamics of India’s mining and advanced materials industries. 

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