Gujarat Mineral Development Corporation Limited Latest Updates

Recent Financial and Stock Performance GMDC shares have experienced a significant surge, reaching a new 52-week high with high trading volumes. The stock has delivered a remarkable return, making it a "multibagger" in the last six months. However, the company's Q1 FY26 consolidated net profit and total revenue saw a year-on-year decrease. Strategic Business Developments A key focus for GMDC is its expansion and diversification beyond its core lignite business. The company is actively exploring critical and rare earth minerals, a sector receiving government support under the National Critical Mineral Mission. GMDC has also been allocated six new lignite blocks, with commercial production from these expected to begin in late FY26 or early FY27. The company is also expanding its Bhavnagar mine and has plans for other projects, including underground copper and manganese mines, to increase the revenue share from non-lignite sources.