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Gujarat Mineral Development Corporation to strengthen Lignite Production

18 Aug 2022 Evaluate

Gujarat Mineral Development Corporation (GMDC) is inviting bids for its Surkha (N) Lignite Mine in Bhavnagar from Lignite Mining contractors to fuel further progress.

The company plans to strengthen its lignite production to support micro, small and medium enterprises (MSMEs) looking for cheaper fuel. It produced 8.5 million tonnes of lignite last year and planned to reach 10.0 million tonnes this year. Over the previous six months, it has added 400 more customers daily.

Gujarat Mineral Development Corporation (GMDC) is engaged in business of mining and mineral processing.

Peers
Company Name CMP
Coal India 389.45
NMDC 67.21
Ashapura Minechem 409.00
Sandur Manganese 162.00
GMDC 412.20
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