478.25
+3.14%
Close of 9 Nov 2026, in INR
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About Gujarat Mineral Development Corporation
Its shares trade on NSE under the ticker GMDCLTD.NS. It has been listed since 8 January 1998. In the fiscal year to 31 March 2026, it reported revenue of ₹25.23bn and net income of ₹9.57bn. At that date it held total assets of ₹89.83bn and shareholders' equity of ₹70.73bn.
Gujarat Mineral Development Corp. Ltd. engages in the development of mineral resources. The company is headquartered in Ahmedabad, Gujarat. The company operates through two segments: Mining and Power. Its minerals and mines projects include Lignite, Bauxite, Fluorspar, Manganese, Silica Sand, Limestone, Bentonite and Ball Clay. The Power products include thermal power, solar power, and wind power. The company operates five lignite mines, namely, Mata-No-Madh, Rajpardi, Tadkeshwar, Bhavnagar and Umarsar Lignite Mines. The company has bauxite mining operations at its Mewasa Bauxite Mines in Devbhoomi Dwarka, a district of Gujarat. Fluorspar project is located in Kadipani, a district of Baroda. Manganese project is located at Shivrajpur, district of Panchmahal. Power project is located at Nani Chher, a district of Kutch. Its Wind Farm projects of 200.9 megawatts are situated at different locations in Gujarat, and a five-megawatt peak Solar Power Project is situated at Panandhro Lignite Project.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Energy
- Industry
- Oil, Gas & Consumable Fuels
- Listed since
- 8 Jan 1998
- Employees
- 1,085
- Website
- gmdcltd.com/en ↗
Leadership
Pay as last reported
- Dr. Hasmukh AdhiaNon-Executive Chairman of the Board
- Smt. Anupma IyerChief Financial Officer, General Manager - Accounts
- Shri. Joel EvansCompliance Officer, Company Secretary, since 2022₹2.2m
- Shri. Roopwant SinghManaging Director, Executive Director, since 2021₹2.8m
- Shri. S. J. HaiderDirector₹15,000
- Ms. Arti KanwarDirector₹15,000
- Dr. Sharvil PatelAdditional Independent Director
- Shri. Satyanarayan DangayachNon-Executive Independent Director₹37,500
- Prof. Shailesh GandhiNon-Executive Independent Director₹46,000
- Smt. Gauri KumarNon-Executive Independent Director, since 2008₹30,000
- Shri. Nitin ShuklaNon-Executive Independent Director₹68,500
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 45
- Environment
- 38
- Social
- 76
- Governance
- 22
- Direct emissions (scope 1)
- 453,999 t
- Energy emissions (scope 2)
- 191,883 t
- Women in the workforce
- 8.00478%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Gujarat Mineral Development Corp. operates five lignite mines in Gujarat, including Mata-No-Madh and Rajpardi.
- The company has bauxite mining at Mewasa Bauxite Mines in Devbhoomi Dwarka, Gujarat.
- Gujarat Mineral Development Corp. develops thermal, solar, and wind power projects across Gujarat.
Weaknesses
- The company's power projects are limited to Gujarat, restricting regional expansion.
- Gujarat Mineral Development Corp. relies on lignite mines for energy production, which may face resource depletion.
- The company's operations are concentrated in Gujarat, increasing vulnerability to local economic fluctuations.
Opportunities
- Expanding lignite mines to include new projects like Tadkeshwar and Bhavnagar in Gujarat.
- Developing additional solar power projects beyond the current five-megawatt peak at Panandhro.
- Increasing wind farm capacity from 200.9 megawatts to meet growing energy demands in Gujarat.
Threats
- Fluorspar project in Kadipani faces potential regulatory challenges in Baroda district.
- Manganese project at Shivrajpur in Panchmahal district may encounter environmental restrictions.
- Lignite mines in Gujarat could face competition from renewable energy sources in the region.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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