Gujarat Mineral Development Corporation Limited (GMDC) is a major minerals and lignite mining company of India. It is state owned company controlled by the Government of Gujarat. The company has its headquarters in Ahmedabad.
The company was founded in 1963 and since then it has grown to become one of the leading mining companies in India. The company is engaged in the business of mining, beneficiation and marketing of minerals such as lignite, bauxite, manganese ore, limestone, bentonite, fire clay, and kaolin. It also operates power plants and a coal based captive power plant.
The company employs around 4,500 people and has an annual turnover of INR 10 billion. The company has a strong presence in the state of Gujarat and has a market share of around 50% in the lignite mining business in India.
The company has a long term vision of becoming a global player in the mining and power generation business. It is also looking to expand its operations in other mineral rich states in India.
The company’s shares are listed on the Bombay Stock Exchange and the National Stock Exchange of India.
Website: http://www.gmdcltd.com/