Gujarat Mineral Development Corporation Ltd. (GMDC) is one of India’s leading mining and mineral processing companies. For more than five decades, we have been engaged in the development of the ample mineral resources of the state. A zero-debt company, we’re ranked 486th among India's Fortune 500 Companies (2022) and among the Top-5 organisations by market capitalisation in the mining sector.
GMDC is India's second largest Lignite-producing company. We’re the leaders in Lignite exploration and supply in Gujarat. Mining lignite from deposit-rich areas across the state, we market it to various high-growth industries, including textiles, chemicals, ceramics, bricks and captive power.
We’re also involved in the exploration of Bauxite, Fluorspar, Manganese, Silica Sand, Limestone, Bentonite and Ball Clay. They find application across diverse industries, from manufacturing of hydrofluoric acid and purifying water to manufacturing glass and ceramic ware, and drilling oil.
GMDC has a sizeable presence in the energy sector. We have a diversified portfolio of Thermal power projects and renewable power generation projects comprising wind and solar power. We ventured into harnessing renewable sources of energy more than a decade ago and are readying for a sustainable future. Over the years, we’ve generated 2522416+ MWhr of Green Energy.
Moving ahead on the journey from Aatmanirbhar Gujarat to an Aatmanirbhar Bharat, GMDC is planning to enter and develop a complete ecosystem of Rare Earth Elements (REE), involving their mining, processing and marketing. REE comprise 17 metals used in diverse high-tech applications. In the near future, there will be a high demand for them and their processing technologies, and we will help reduce the nation’s dependence on their imports.
GMDC has embarked on a journey of transformation. GMDC has a huge stock of mined out Silica Sand and similar in-situ deposits in one of its upcoming projects. As a part of forward integration, GMDC is seeking to explore new avenues in diversified sector in silica sand as well as other allied industries by value addition for manufacturing of float glass, solar panels, etc. Envisaging suitable market potential, we’re investigating new avenues in diversified sector in bauxite and other allied industries by value addition of plant and non-plant grades of bauxite.
As a high demand is being forecast for cement, we’re exploring new opportunities for utilisation of cement grade Limestone for cement industry and focusing on capacity augmentation, introduction of alternate market structures, possible diversification prospects, value additions and opportunities that the industry might require.
Our sustained efforts at consolidating our leadership position are complemented by appointing professionals with proven expertise. Additionally, there is an increased focus on working with strategies advisory consultancies and project management consultants. Combined with initiatives in value addition, forward integration and portfolio expansion, they will help augment our financial standing as befitting a stalwart in mining and mineral processing.