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Gujarat Mineral Development Corporation (GMDC) has entered into a Memorandum of Understanding (MoU) with NMDC, a Government of India Navratna PSU, to explore opportunities for collaboration in the Rare Earth Elements (REE) sector. 

The collaboration will focus on assessing the potential development of an integrated rare earth value chain in Gujarat, including exploration, mining, beneficiation, processing and downstream applications. The engagement will primarily explore opportunities associated with GMDC’s Ambadungar Rare Earth deposit, a strategic initiative aimed at strengthening India’s capabilities in the rare earths sector.

Under the MoU, both organisations will work together to evaluate opportunities for technical collaboration, project development and potential business structures. The partnership is also expected to facilitate knowledge exchange, technical evaluation and coordinated efforts towards advancing rare earth resource development.

This collaboration forms part of GMDC’s broader rare earth development roadmap for the Ambadungar deposit, where the Corporation has been progressively advancing in resource utilisation, indigenous processing capabilities and pilot-stage technology validation initiatives. The initiative aligns with national priorities of strengthening domestic capabilities in critical minerals and reducing import dependence, while enabling the development of downstream industries linked to clean energy technologies, advanced manufacturing and strategic sectors. 

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


GMDC Share Price

689.50 -1.90 (-0.27%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 443.10
NMDC 88.45
GMDC 689.50
Sandur Manganese 212.40
MOIL 322.35
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