The GMDC share price is in focus after Gujarat Mineral Development Corporation Ltd (GMDC) received environmental clearance for its Lakhpat–Punrajpur Lignite and Limestone Mine in Kutch, Gujarat.
The approval was granted by the Ministry of Environment, Forest and Climate Change and marks a significant regulatory milestone for the state-owned mining company.
The project has been cleared for a production capacity of 3.0 million tonnes per annum (MTPA) of lignite and 29.81 MTPA of limestone. According to the company, the integrated development of these resources will support key sectors such as energy generation and cement manufacturing.
The clearance enhances long-term production visibility and strengthens GMDC’s mineral resource base within Gujarat across both fuel and industrial mineral segments. The company stated that implementation will proceed in line with statutory requirements.
Separately, GMDC signed a memorandum of understanding on February 26 with NTPC Limited to explore opportunities in coal and lignite gasification and downstream utilisation.
The framework includes feasibility assessments, pilot projects, identification of end-use applications, and a time-bound execution plan. The collaboration is aimed at enhancing value addition and exploring cleaner utilisation pathways for domestic mineral resources.
In Q3 FY26, GMDC reported a net profit of ₹133 crore, down 10% year-on-year, while revenue declined 11.3% to ₹579 crore. However, EBITDA rose 9.5% to ₹101.2 crore, with margins improving to 17.5% from 14.1% in the corresponding quarter last year.
Despite the positive regulatory development, the GMDC share price closed at ₹572.20 on the NSE, down 0.80% on Friday.
The environmental clearance strengthens GMDC’s long-term production outlook and supports its expansion strategy. While recent financial performance showed mixed trends, the development provides operational clarity and may contribute to improved production visibility in the coming years.
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Published on: Mar 2, 2026, 9:33 AM IST
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