GMDC Hands Over Rs 223 Crore Dividend Cheque to CM Bhupendra Patel
Gujarat Mineral Development Corporation (GMDC) presents a dividend cheque of Rs 223.54 crore to CM Bhupendra Patel for FY 2025-26.
In a significant boost to the state treasury, the Gujarat Mineral Development Corporation (GMDC) has presented a dividend cheque worth Rs 223.54 crore to Chief Minister Bhupendra Patel. The payment, representing the state government's share for the financial year 2025-26, was handed over during a ceremony in Gandhinagar.
The Handover Ceremony
The dividend cheque was officially presented to the Chief Minister by Chief Secretary MK Das. The event saw the presence of several high-ranking officials, including Hasmukh Adhia (Chairman of GMDC and Chief Advisor to the Chief Minister), Ajay Bhadu (Managing Director of GMDC), Sanjeev Kumar (Principal Secretary to the Chief Minister), and Vikrant Pandey (Additional Principal Secretary).
GMDC: A Pillar of Gujarat's Economy
Established in 1963, GMDC operates as a state government undertaking dedicated to the scientific and sustainable development of mineral resources. The corporation plays a pivotal role in fueling the industrial and economic growth of Gujarat through the efficient mining and sale of various minerals. Its primary portfolio includes:
- Lignite
- Bauxite
- Limestone
- Fluorspar
- Silica sand
Expanding Horizons and Energy Security
Looking beyond its traditional operations, GMDC is aggressively expanding its footprint to ensure the long-term energy security of Gujarat. The corporation has successfully secured three strategic coal blocks in Odisha: Baitarani West, Burapahar, and Kudanali-Lubri.
Diversification into New Frontiers
GMDC is not limiting itself to traditional mining. The corporation is actively pivoting toward the future of energy and industry by focusing on:
- Renewable Energy: Increasing its activity in the green energy sector.
- Strategic Minerals: Exploring development opportunities in copper and rare earth elements to meet evolving industrial demands.