Gujarat Miniral Development Corporation

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GMDC is India's largest lignite mining company, accounting for over 60% of the country's total lignite production. Lignite is a low-grade coal that is used to generate electricity. GMDC's lignite production capacity is expected to increase to 100 million tonnes per annum by 2025.

GMDC is a vertically integrated company, meaning that it is involved in all aspects of the lignite mining business, from exploration and extraction to processing and transportation. This gives the company a significant competitive advantage.

GMDC is expanding into new businesses, such as renewable energy and mineral processing. The company has set a target of generating 10 gigawatts of renewable energy by 2030. GMDC is also developing a mineral processing plant to produce high-value minerals from lignite ash.

GMDC has been performing well financially in recent years. The company's revenue and profitability have both increased steadily. GMDC's net profit in 2022-23 was Rs. 1,696 crore.



Interpretation

GMDC's revenue has increased steadily over the past five years, from Rs. 14,892 crores in 2019 to Rs. 19,280 crores in 2023.

GMDC's profitability has also improved significantly over the past five years, with its net profit increasing from Rs. 1,786 crores in 2019 to Rs. 1,696 crores in 2023.

GMDC's RONA has also been increasing steadily, from 11.97% in 2019 to 8.81% in 2023.

GMDC's strong financial performance is due to a number of factors, including increased demand for lignite, efficient operations, and favorable government policies.

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