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GMDC bids for highest number of blocks in commercial coal block auction

10 Feb 2023 Evaluate

Gujarat Mineral Development Corporation (GMDC) has placed bids for the highest number of blocks in commercial coal block auction by the Ministry of Coal under the latest tranche. Gujarat Mineral Development Corporation placed a total of 9 bids. Through this participation, GMDC aims to expand its business beyond the state's geographical boundaries.

GMDC has a vision of revolutionizing the Mining industry, and the expansion would indicate its commitment to that vision. The new development will bring GMDC's diversified products to even more customers and create new job opportunities. The company is committed to supporting local economies and helping to drive growth and development.

GMDC looks forward to serving even more customers and continuing to grow and evolve in the years to come. The new expansion would testify to GMDC's success and ongoing commitment to growth and sustainability.

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

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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