Gujarat Mineral Development Corporation Ltd. Share Price

GMDC bounces from ₹420 but trend remains under pressure

GMDC Presents Rs 223.55 Crore Dividend to Govt. of Gujarat

India’s rare-earth push puts select stocks in focus

India’s rare-earth permanent magnet programme has moved forward, with the government receiving 20 bids for setting up integrated NdFeB magnet manufacturing facilities. The scheme has a total outlay of ₹7,280 crore and targets 6,000 MTPA of domestic capacity. Rare-earth permanent magnets are critical for electric vehicles, wind turbines, electronics, aerospace and defence. India currently depends heavily on imports, making domestic manufacturing strategically important. Among listed companies, Gujarat Mineral Development Corporation (GMDC) is one of the stocks I would watch closely because of its exposure to the domestic rare-earth resource and processing opportunity. Coal India and Larsen & Toubro are more directly relevant to the REPM manufacturing scheme because both submitted bids. However, investors should remember that submitting a bid does not mean the company has been selected as a beneficiary. The government plans to select only five beneficiaries, with each eligible for up to 1,200 MTPA capacity. Another interesting listed name is Permanent Magnets Limited. Its wholly owned subsidiary Quantum Magnetics received approval under the Electronics Component Manufacturing Scheme for manufacturing neodymium magnets, adding a direct rare-earth magnet angle to the company. My view: The rare-earth theme is becoming more than just a commodity story. The real opportunity could emerge across the complete value chain—from rare-earth materials and processing to NdFeB magnets and their end-use industries. For investors, the key upcoming trigger is the final selection of beneficiaries under the ₹7,280-crore REPM scheme. Until then, I would distinguish between companies with actual project exposure and stocks that are simply being associated with the rare-earth theme. Disclosure: Neither I nor my family members hold any position in the mentioned stocks at the time of publication.

GMDC Ltd – Bullish Reversal Setup Discuss

The 2028 Refrigerant Race: Why India's Chemical Companies Are Expanding Before Time Runs Out

The government announces that after 1 January 2028, no new mining licenses will be issued. Suddenly, everyone starts building as fast as possible—not because demand explodes overnight, but because the window to secure future production is closing. That is exactly what's happening in India's refrigerant industry. Refrigerants are the invisible chemicals inside air conditioners, refrigerators, automobile ACs and cold-storage systems. They don't get consumed during normal use—they continuously circulate inside a sealed system. But many widely used refrigerants, especially Hydrofluorocarbons (HFCs) such as R32 and R134a, have a high global warming impact. Under India's commitment to the Kigali Amendment, HFC production will be frozen from January 2028 based on the country's average production during 2024-2026. The national production limit will then reduce gradually until 2047. That's why manufacturers are racing to commission new capacity before the deadline. The biggest uncertainty? The government has not yet announced how future production quotas will be allocated among individual companies. Building capacity today improves preparedness, but it does not automatically guarantee future production rights. • Navin Fluorine International

GMDC Q1 : SEGMENT WISE ⛏️ MINING ; Revenue up 22.7% YOY to ₹841.01 Cr, up 8.6% QOQ Profit up 20.9% YOY to ₹208.07 Cr, up 21.4% QOQ ⚡️ POWER ; Revenue up 135.9% YOY to ₹111.25 Cr, up 36.8% QOQ Loss widened to ₹(6.00) Cr vs profit ₹10.59 Cr YOY | vs loss ₹(40.98) Cr QOQ (narrowed)