GMDC is currently trading at Rs. 202.00, up by 2.90 points or 1.46% from its previous closing of Rs. 199.10 on the BSE.
The scrip opened at Rs. 203.00 and has touched a high and low of Rs. 205.20 and Rs. 201.25 respectively. So far 6671 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 221.70 on 23-Nov-2012 and a 52 week low of Rs. 158.00 on 18-May-2012.
Last one week high and low of the scrip stood at Rs. 206.65 and Rs. 196.50 respectively. The current market cap of the company is Rs. 6455.40 crore.
The promoters holding in the company stood at 74.00% while Institutions and Non-Institutions held 19.67% and 6.33% respectively.
State run Gujarat Mineral Development Corporation (GMDC) has received all environmental related clearance from Ministry of Environment and Forest for its Umarsar lignite mines in Kutch. Further, the company has estimated lignite reserves of 21 million tones from Umarsar mines.
About Umarsar mines, it is around 10 km away from Panandhro group of mines, spread across 5,402 acres, have an estimated production capacity of 1 mt per annum.
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.
| Company Name | CMP |
|---|---|
| Coal India | 438.70 |
| NMDC | 89.78 |
| GMDC | 733.40 |
| Sandur Manganese | 218.35 |
| MOIL | 327.60 |
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