GMDC Share Price in Focus; Signs MoU with NTPC for Advanced Coal and Lignite Gasification

Gujarat Mineral Development Corporation Ltd announced on February 26, 2026, that it has signed a Memorandum of Understanding with NTPC Ltd to jointly assess advanced gasification of coal from Odisha blocks and lignite from its Gujarat mines. 

MoU Between GMDC and NTPC 

The MoU creates a collaborative framework to evaluate technical feasibility, pilot execution and commercial pathways for converting coal and lignite into synthesis gas (syngas). Both parties will share expertise, with GMDC providing resource access and NTPC contributing large‑scale energy system knowledge. 

Scope of Gasification Collaboration 

Key activities include pilot projects for surface and underground gasification, assessment of end‑use applications for the produced syngas and formulation of a joint production and marketing model if pilots succeed. The work will be guided by a time‑bound action plan. 

Read More: Bengaluru, Frankfurt Airports Sign MoU to Strengthen India-Europe Cargo Connectivity! 

Pilot Projects and Feasibility 

GMDC will initiate pilot initiatives at selected coal blocks in Odisha and lignite mines in Gujarat. These pilots aim to gather data on conversion efficiency, operational parameters and scalability, forming the basis for larger scale decisions. 

Syngas End Use Exploration 

NTPC will examine potential industrial sectors for syngas utilisation, such as power generation, chemicals and fertilizers. The evaluation will consider techno‑commercial viability and market demand. 

Timeline and Action Plan 

A detailed action plan with defined milestones will be prepared jointly. The plan will outline responsibilities, resource allocation and review points to ensure systematic progress toward commercialisation. 

Gujarat Mineral Development Share Price Performance  

As of February 27, 2026, at 9:22 AM, Gujarat Mineral Development share price on NSE was trading at ₹581.35 up by 0.79% from the previous closing price. 

Conclusion 

The GMDC‑NTPC MoU outlines a structured approach to explore advanced gasification of coal and lignite, with pilot studies, syngas application assessment and a clear action timeline forming the core of the collaboration. 

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