Gujarat Miniral Development Corporation
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. GMD...
Comments
Post a Comment