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10h agoGMDC gains after coal mine approvals support expansion plans
Gujarat Mineral Development Corporation shares rose around seven percent after receiving clearances for new coal mining operations in Odisha. The approvals are expected to add nearly five million tonnes of annual output capacity. Management indicated the expansion would support its FY26 revenue target of about ₹2,200 crore, improving longterm visibility for the state owned miner amid rising domestic coal demand.
neutral
10h agoGMDC gains after coal mine approvals support expansion plans
Gujarat Mineral Development Corporation shares rose around seven percent after receiving clearances for new coal mining operations in Odisha. The approvals are expected to add nearly five million tonnes of annual output capacity. Management indicated the expansion would support its FY26 revenue target of about ₹2,200 crore, improving longterm visibility for the state owned miner amid rising domestic coal demand.
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GMDC stock jumped after mine approvals boosted output visibility and strengthened confidence in its FY26 revenue growth outlook.
Gujarat Mineral Development Corporation shares rose around seven percent after receiving clearances for new coal mining operations in Odisha. The approvals are expected to add nearly five million tonnes of annual output capacity. Management indicated the expansion would support its FY26 revenue target of about ₹2,200 crore, improving longterm visibility for the state owned miner amid rising domestic coal demand.
Gujarat Mineral Development Corporation shares rose around seven percent after receiving clearances for new coal mining operations in Odisha. The approvals are expected to add nearly five million tonnes of annual output capacity. Management indicated the expansion would support its FY26 revenue target of about ₹2,200 crore, improving longterm visibility for the state owned miner amid rising domestic coal demand.
Dec 15, 2025 • 08:55