Gujarat Mineral Development Corporation Ltd. Gujarat Mineral Development Corporation Ltd.
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Shri Arunkumar Solanki, IAS 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.

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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