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A journey well begun

Shri Arunkumar Solanki, IAS As we begin the auspicious Samvat Year 2075, it is time to have new commitments and new resolutions. This is the time of the year to celebrate the festivities, to cherish the memories and to share the joys with one another. Even at GMDC, we have been striving constantly to achieve the best and then to share this achievement with all the stakeholders of the society. The year gone by has given us many moments to cherish. The year that is coming, brings with it new challenges, new opportunities and new hopes. We take this opportunity to commit ourselves once again to put in our hard and sincere efforts to take GMDC to newer heights. We also promise to ourselves to outdo our own benchmarks in the year that is before us with new zeal, with new vigour and with renewed faith in our capabilities. The festival of lights, Diwali, gives us this opportunity to imitate the light of Diyas in our own lives. Through our constant and continuous efforts, we continue to light the lamps of development and thus reach out to our stakeholders, be they our customers or be they our community.
I take this opportunity to convey the happiest wishes of Dipawali and New Year to all. May this New Year bring with it golden opportunities that may pave our way with success, prosperity and happiness for everyone of us.

Arunkumar Solanki, IAS
Managing Director
As we begin the new financial year of 2018-19, GMDC has just published the unaudited financial results for the first quarter ended on June, 2018, we maintained the usual profit buoyancy which is normally expected of GMDC. The results were fantastic. The company has beaten all the expectations. Amidst challenges in the mining sector, the company has once again proved its worth as you can see the results for June 2018 quarter. It is indeed a matter of pride as GMDC has booked the highest ever Quarterly turnover and Profit after Tax. Our sales value has increased by 11% for the quarter as compared to Previous year ended on 30th June, 2017. The Profit After Tax has increased by 31% for the quarter, as compared to previous year quarter ended on 30th June 2017.
Not only the figures are fantastic, but GMDC’s overall performance is also recognized. Our lignite fed Thermal Power Plant at Akrimota, received Power Plant Performance Award-2018 (Lignite) at National level which was organized by Mission Energy Foundation.
We have also performed exemplary on our employee development and employee recognition front. Our General Manager (Accounts), Smt Anupma Iyer, was recognized as Woman Achiever and was awarded under the category of Senior Chartered Accountant in Industry by Ahmedabad branch of Institute of Chartered Accountants of India. It is not that GMDC is focusing only on the financial performance. We also have a culture of inclusive development where we reach out to the community within we operate. Various CSR initiatives of GMDC such as smart Anganwadis, Rural Library Upgradation, Scholarship to Girl Child, eClinics have been very well received at the grass root.
We hope to continue our saga of success in this current year.

Technological Touch to Mining

Absorbing new technologies has been in the genes of GMDC since its inception in the year 1963. Commemorating the 55th Foundation Day of GMDC on 15th May, 2018, it was a sense of pride and achievement for entire GMDC. Recently, GMDC published her fantastic audited financial results for the year 2017-18. And it has been a golden journey of more than five decades so far. Committed to embracing newer technological avenues for the betterment of her stakeholders, on this we at GMDC launched a new mobile application for our employees and our customers. These applications provide seamless interaction with GMDC’s HR and Sales systems respectively. I am sure these offerings will pave a new way of functioning for both GMDC and her stakeholders.
Technological Touch to Mining Technological Touch to Mining

As part of her holistic developmental mandate, GMDC runs schools in some of the remotest regions of State of Gujarat. SKV Vidhyalaya at Panandhro Lignite mines is one of the leading schools of Kutch District. This school has been feeding to the educational needs of this desert region for many years now. Along with the launch of mobile applications, GMDC also dedicated a newly developed website of this school and thus paved the way for the students, teachers and other stakeholders for a borderless and seamless interactive medium through this website.

I congratulate the entire IT team of GMDC for their various achievements in the field of IT and IT enable Services for making GMDC functioning all the more efficient, fast and effective.

In this journey of 55 years, GMDC has been watered by hardwork of many committed officers and employees alike. On this occasion, it is also a privilege to salute the spirit of all these hard working man and women of the past and the present.

In this journey of 55 years, GMDC has been watered by hardwork of many committed officers and employees alike. On this occasion, it is also a privilege to salute the spirit of all these hard working man and women of the past and the present.

Personally also I count myself fortunate to head a wonderful Government Organisation such as GMDC.

As we come to close of the financial year of 2017-18, it is time to reflect and review the year that has gone by. When we began the fiscal 17-18, lot of challenges awaited GMDC. However, it gives me immense pleasure to acknowledge the hard and passionate work put in by all the Officers, Employees and all the stakeholders of GMDC which enabled us to overcome the challenges one by one. On every front, GMDC’s people exhibited immense work-will and cohesive actions. This was very well reflected in our unaudited financial results published for the 9 month period ended on December, 2017. Not only this, our achievements have also received national recognition at various forums.

Being in mining industry for decades now, Safety of workers and stakeholders always takes priority over everything else. GMDC’s Mining Safety practices have been nationally recognized and GMDC won National Mines Safety Award for Panandhro Lignite Mines (Year 2013), Amod (Rajpardi) Lignite Mines (Year 2014) and for Daban-Wamoti (Gadhsisa) Bauxite Mines (Year 2014). GMDC’s urge for excellence takes it to newer heights year by year. Recently, GMDC’s four Bauxite Mines, namely Ratadia-Nagrecha, Daban-Wamoti, Wandh 1 and Guniyasar Bauxite Mines, have received Five Star Rating by Ministry of Mines, Govt. of India.

Similarly for our Akrimota Power Plant, we have received national level runner up award by Mission Energy Foundation New Delhi in the category of Efficient Management of Fly Ash for TPP of less than 500 MW.

During the year, we also focused on our CSR front. We expanded our reach to the communities with which we work very closely and attempt to bring the fruits of development to the grass root level

As we gear up for financial year closing activities, I wish everyone at GMDC and to all those who are associated with GMDC, ALL THE VERY BEST for the coming new financial year.

The New Financial Year is inviting us with newer opportunities, newer hopes and newer avenues.

It is that time of the year again when every one becomes busy with dusting the old memoirs, homes and offices. Memories take us to those by lanes of our lives at this time. This is the time of Deepawali. The time of celebration, joy and merriment when each one of us is looking forward of spending good times with family and friends. Diwali marks a major mile stone of festive celebration in Indian Calendar. The entire nation is soaked with festivities. Nooks and corners of the villages, towns and cities are smiling and inviting us to join in this over all festive celebration. Diwali brings in new hopes, new thoughts and new vistas. The New Year marks the beginning of, once again, a new life with a new meaning.

The colourful Rangolis with their myriad designs and colours remind us the intricate colours of life. The small Diyas lighting up the homes remind us that we also need to be like that little lamp which burns the self but gives light to others. Light overcomes the darkness. These little lamps give us a challenge : Can we be a lamp for some one ? Can we enlighten some one’s life ? Diwali brings us the moment of joy, the joy of giving and sharing the goodness with each other. As we continue our journey of life, let us resolve to light the lamp of self realization, wisdom and enlightenment.

At GMDC, in the year gone by, we collectively worked hard, worked sincerely and worked as a team for the betterment of the company and for the betterment of the country. GMDC has already announced its Q1 results for the current fiscal of 2017-18Total revenue from operations stood at Rs. 583 crore which was 42% higher than its comparative quarter of previous financial year. Profit After tax was booked at Rs. 143 crore which was 24% higher than its corresponding quarter of the previous financial year. There was an overall improvement in various segments of its operations. GMDC has been continuously and seamlessly supplying the fuel to the industry in the state and thus has been partaking in the continuous development of the state economy.

It was a moment of pride for GMDC once again as her excellence in Safety and Safe Mining Practices was recognized as national level. GMDC has been awarded National Mines Safety Awards for its different lignite and bauxite mines in various categories. GMDC is committed towards better safety of its employees and is continuously pursuing several safety measures and initiatives apart from compliances of statutory requirements.

Every one of us, from bottom to top, contributed to the stupendous performance. The team consisted of not only our officers and staff, but also of their family members. As we were busy working at our offices and mines, our families stood as the back bone supporting and complimenting our efforts. This gives us all the more reason to collectively celebrate the Diwali and New Year.

GMDC, a premier state mineral development PSU has charted a great developmental journey over its existence of more than five decades. Recently, it announced Q1 results for the current fiscal of 2016-17. The results cheered the investors. Total revenue from operations stood at Rs. 399 crore which was 27% higher than its comparative quarter of previous financial year. The profit before tax was higher by 44% at Rs. 155 crore. Profit After tax was booked at Rs. 115 crore which was 59% higher than its corresponding quarter of the previous financial year. There was an overall improvement in various segments of its operations. GMDC has been continuously and seamlessly supplying the fuel to the industry in the state and thus has been partaking in the continuous development of the state economy.

GMDC has been a place where excellence has always been rewarded not only internally but its talent has been recognized externally as well. Recently, Shri Lavanya Kulshrestha, General Manager (Fin) & Chief Financial Officer of the Corporation has been adjudged as the most influential CFOs of India in recognition and appreciation of valued contribution in financial field by the Chartered Institute of Management Accountants (CIMA). Similarly, Smt. Anupma Iyer, Dy. General Manager (Fin) of the Corporation has been adjudged as winner in the category of Women Leaders by YES BANK-BW Businessworld Most Promising Future CFO Awards - India’s biggest platform for recognizing top emerging finance professionals. I take this opportunity to congratulate both Shri Kulshrestha and Smt. Iyer for their astounding success in the field of finance.

As we grow in our journey of excellence, we also expand our horizons. Ministry of Coal, Govt. of India has allotted three lignite blocks, namely, Panandhro Extension in Kutch, Bharkandam in Kutch and Ghala in Surat Districts to your company for power generation and for general mining under the auction by competitive bidding of coal mines Rules. These new lignite blocks will pave a brighter future for GMDC. Collectively these three lignite blocks have estimated 34 Million tonnes of lignite reserves

GMDC has been striving for its outreach to various stakeholders of the society through its various initiatives. Notable initiatives are two International Centers of Excellence, namely, iCREATE and iCEM situated at a sprawling campus of 43 acres in the outskirts of Ahmedabad city. iCREATE aims at providing an entire ecosystem for the budding entrepreneurs, innovators and incubators. Similarly, iCEM promises to be one of its kind Center in India for Mining Education, Skill Development and Research and Development in the field of mining. Both these Centers are on the verge of completion and will be operational soon.

I am hopeful that the persistent progressive performance of GMDC will continue even during the current financial year.


Proud moments for entire Team GMDC and the State of Gujarat

Proud moments for entire Team GMDC and the Sate of Gujarat Proud moments for entire Team GMDC and the Sate of Gujarat
Proud moments for entire Team GMDC and the Sate of Gujarat Proud moments for entire Team GMDC and the Sate of Gujarat

Receiving National Mines Safety Awards for Lignite Mines : Rajpardi, Dist. Bharuch and Panandhro, Dist. Kutch and Bauxite Mines : Daban- Vamoti (Gadhisha Group of Mines), Dist. Kutch.


GMDC’s Global Outreach

GMDC has been actively engaged in the field of mining since its inception. In order to make this rich mining knowledge available to the society at large, GMDC has set up an International Center of Excellence in Mining Safety and Automation. This center has global outreach. In furtherance of its vision, GMDC has recently hosted Curtin University and Western Australia School of Mines on 13th September, 2016 at GMDC’s Corporate Office in Ahmedabad.

Prof. Thomas Brett KIRK - Associate Deputy Vice-Chancellor, Research Office of Research and Development Prof. Abhijit MUKERJEE - Director, Curtin-India Research Academy, Office of Research and Development and Prof. Anthony John Spencer SPEARING - Director Western Australian School of Mines were part of the Australian delegation. This meeting was chaired by Shri P.K. Taneja, IAS, Chairman, GMDC and Additional Chief Secretary, Industries and Mines Department. The University was keen to explore the possibilities of collaborating with iCEM and its endeavors in academics and research and development. Western Australia School of Mines has a rich history of mining education of more than 100 years. Both the University and WASM had engaging discussion with the top management of GMDC and iCEM.

Vibrant Gujarat 2017-MoU's

In presence of Smt. Nirmala Sitaraman, Hon’ble Minister of State (Independent Charge) for Commerce and Industry, Govt. of India and Shri. Ganpatbhai Vasava, Hon’ble Minister for Tribal Development, Tourism, Forest, Govt. of Gujarat, Gujarat Mineral Development Corporation (GMDC) Ltd has signed two Memorandum of Understandings (MoU’s) for long term supply of Limestone from Kutch in Vibrant Gujarat Global Investment Summit 2017 held at Mahatma Mandir, Gandhinagar on January 11, 2017

First MOU was signed between GMDC and Adani Cementation Ltd for their upcoming Clinkering Unit in Kutch region with estimated investment of 5500 Crores which will create an employment of around 500 and is projected to be commissioned by 2020.

long term supply of Limestone , MOU long term supply of Limestone , MOU

Second MOU was signed between GMDC and Shree Cement Ltd for their upcoming Cement Plant, Captive Power Plant and Jetty in Kutch region with estimated investment of 3000 Crores which will create an employment of around 1500 and is projected to be commissioned by 2021.

long term supply of Limestone , MOU long term supply of Limestone , MOU

Kutch district is one of the most remote districts of the State and any economic activity in this area would greatly benefit the local population. At a time that the Govt of India is trying to kickstart the economy by actively promoting industrial investments, these projects would be most timely.


Arunkumar Solanki, IAS

 
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