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GMDC to sell bauxite calcination plant in Kutch

14 Sep 2012 Evaluate

State run Gujarat Mineral Development Corporation (GMDC) has floated tenders to sell its bauxite calcination plant in Kutch district. The plant is in working condition but not producing at optimum levels, making it financially unviable. The plant has a production capacity of 50,000 tonnes a year but current output is only 160 tonnes a day.

The company is planning to mine more bauxite from the Saurashtra districts such as Porbandar, Jamnagar and Junagarh where it is carrying out exploration. It will be mining about 10 lakh tonnes (lt) of bauxite annually in the State in the near future as the Union Government has approved its fresh mining plans of 7-8 lt in non-plant grade (lower grade) and 1.25 lt of plant grade bauxite.

GMDC is engaged in business of mining and mineral processing. The company manufactures two grades of fluorspar namely acid and metallurgical. It owns two bauxite reserve located at Kutch and Jamnagar.

Peers
Company Name CMP
Coal India 411.85
NMDC 79.70
Ashapura Minechem 525.80
Sandur Manganese 185.45
GMDC 556.60
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