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GMDC – Gujarat Mineral Development Corporation Ltd


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Recommendation Rating







1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Analysts’ Price Targets

Mean 2.9

Low: 2.9

High: 2.9

Total Analysts: 1

Company Profile

Gujarat Mineral Development Corporation Limited is an India-based holding company. The Company operates through two segments: Mining and Power. The Company’s projects include Lignite, Bauxite, Fluorspar, Multi-Metal, Manganese, Power, Wind and Solar. 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, district of Gujarat. The Company’s Fluorspar project is located at Kadipani, district of Baroda. The Company’s Multi-Metal project is located at Ambaji, district of Banaskantha. The Company’s Manganese project is located at Shivrajpur, district of Panchmahal. Its Power project is located at Nani Chher, district of Kutch. The Company’s 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.

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