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Gujarat Mineral Development Corporation (GMDC) has entered into a strategic collaboration with the University of Cambridge to establish a dedicated Rare Earth Observatory at GMDC`s International Centre of Excellence in Mining. Deploying Artificial Intelligence, the Observatory will deliver a first-of-its-kind interactive intelligence platform that tracks the complete Rare Earth Elements (REE) value chain in real time from mine to magnet covering price movements, processing capacity, supply disruptions and geopolitical risk across global REE supply chains.

Gujarat Mineral Development Corp. announced that the Board of Directors of the Company at its meeting held on 14 May 2026, inter alia, have recommended the final dividend of Rs 9.5 per equity Share (i.e. 475%) , subject to the approval of the shareholders.

Net profit of Gujarat Mineral Development Corporation declined 14.20% to Rs 194.09 crore in the quarter ended March 2026 as against Rs 226.22 crore during the previous quarter ended March 2025. Sales rose 3.53% to Rs 814.05 crore in the quarter ended March 2026 as against Rs 786.28 crore during the previous quarter ended March 2025.For the full year,net profit rose 40.72% to Rs 956.67 crore in the year ended March 2026 as against Rs 679.85 crore during the previous year ended March 2025. Sales declined 6.93% to Rs 2653.38 crore in the year ended March 2026 as against Rs 2850.84 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales814.05786.28 4 2653.382850.84 -7 OPM %12.7624.62 -16.7022.37 - PBDT253.39311.71 -19 859.80984.08 -13 PBT204.63285.08 -28 745.09888.71 -16 NP194.09226.22 -14 956.67679.85 41 Powered by Capital Market - Live News

Gujarat Mineral Development Corp. will hold a meeting of the Board of Directors of the Company on 14 May 2026.

Gujarat Mineral Development Corporation (GMDC), a Government of Gujarat enterprise and India`s leading lignite producer, has received Environmental Clearance (EC) from the Ministry of Environment, Forest and Climate Change (MoEF&CC), Government of India for its Lakhpat-Punrajpur Lignite and Limestone Mine located in Kutch, Gujarat.Powered by Capital Market - Live News