Archive · 12 Dec 2025
GMDC Shares Surge 7% on Baitarni West Coal Mine Progress
GMDC is a company that mines minerals and lignite.
They have a big coal mine in Odisha called Baitarni-West.
The company got important permissions and found a partner to help run the mine.
Because of this good news, the company's shares went up by 7.23%.
The mine is very important to GMDC because it's big and has a lot of coal.
The company is also working on other mines and wants to grow in the future.
The shares are doing well, but they can be a bit up and down sometimes.
GMDC shares surged 7.23% to Rs 529.90 on progress with the Baitarni-West coal mine.
GMDC secured Stage-I Forest Clearance and Environmental Clearance for the 15 MTPA Baitarni-West block.
The company has onboarded a mining partner to advance the project in a phased manner.
Baitarni-West is GMDC's most significant asset among three mines acquired in Odisha.
GMDC aims to diversify its mining portfolio with disciplined execution and adherence to statutory timelines.
- Who
- Gujarat Mineral Development Corporation Ltd (GMDC)
- What
- Shares surged 7.23% due to progress on Baitarni-West coal mine
- When
- Friday's trade
- Where
- Baitarni-West, Odisha
- Why
- GMDC secured crucial clearances and onboarded a mining partner for the Baitarni-West coal mine
- Company
- Gujarat Mineral Development Corporation Ltd (GMDC)
- Share Price Increase
- 7.23%
- Mine Location
- Baitarni-West, Odisha
- Mine Capacity
- 15 MTPA
- Clearances Received
- Stage-I Forest Clearance (FC) and Environmental Clearance (EC)
- Mining Partner
- Onboarded
- Company Headquarters
- Ahmedabad, Gujarat
- P/E Ratio
- 16.52/16.61
- P/B Value
- 2.71
- EPS
- 31.72/31.55
- RoE
- 16.39
- Beta
- 1.9