DBT Bureau
Pune, 10 Jan 2026
Gujarat Mineral Development Corporation (GMDC) shares posted a strong one-year rally, rising from ₹323.85 on January 1, 2025 to ₹552.00 on January 1, 2026. This translates into an impressive growth of around 70.5%, reflecting heightened investor confidence, improving sentiment toward the mining sector, and optimism around the company’s operational and earnings outlook.
About Gujarat Mineral Development Corporation Limited
Gujarat Mineral Development Corporation Limited is one of the leading mining players in India. It is a State Public Undertaking of the Government of Gujarat. The state-owned company currently has five operational lignite mines located in Kutch, South Gujarat, and Bhavnagar region. It is purportedly the largest merchant seller of lignite in the country.
(Disclaimer: The information is for educational purposes only. Please consult your financial advisor before investing in stocks)
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