Gujarat Mineral Development Corporation Ltd Share Price – NSE  / BSE

Mining & Mineral products, Small Cap

The stock touched a fresh record high of Rs 736 during the day?s trade, reflecting sustained buying interest.

Over the three sessions, the stock has gained 22.59%. The momentum has been even stronger over a longer horizon, with the stock rising 38.89% in the past one month and 23.26% on a year-to-date basis.

GMDC, India?s second-largest lignite producer and the leading merchant seller of lignite, is a state-owned enterprise with the Gujarat government holding a 74% stake. The company mines lignite from deposit-rich regions across the state and supplies it to high-growth industries such as textiles, chemicals, ceramics, bricks, and captive power.

On a consolidated basis, GMDC's net profit declined 9.89% to Rs 133.06 crore while net sales declined 11.37% to Rs 579.15 crore in Q3 December 2025 over Q3 December 2024.

Sonata Software Ltd, Firstsource Solutions Ltd, Ashapura Minechem Ltd and NLC India Ltd are among the other gainers in the BSE's 'A' group today, 16 April 2026.

Gujarat Mineral Development Corporation Ltd surged 16.67% to Rs 726.25 at 11:44 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 27.78 lakh shares were traded on the counter so far as against the average daily volumes of 3.17 lakh shares in the past one month.

Sonata Software Ltd soared 13.42% to Rs 287.8. The stock was the second biggest gainer in 'A' group. On the BSE, 3.78 lakh shares were traded on the counter so far as against the average daily volumes of 41735 shares in the past one month.

Firstsource Solutions Ltd spiked 11.96% to Rs 246.7. The stock was the third biggest gainer in 'A' group. On the BSE, 10.81 lakh shares were traded on the counter so far as against the average daily volumes of 76738 shares in the past one month.

Ashapura Minechem Ltd exploded 11.65% to Rs 605.15. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.11 lakh shares were traded on the counter so far as against the average daily volumes of 29445 shares in the past one month.

NLC India Ltd spurt 9.70% to Rs 301.85. The stock was the fifth biggest gainer in 'A' group. On the BSE, 8.27 lakh shares were traded on the counter so far as against the average daily volumes of 1.16 lakh shares in the past one month.

The partnership will assess the potential development of an integrated rare earth value chain in Gujarat, covering exploration, mining, beneficiation, processing and downstream applications. The collaboration will primarily focus on GMDC?s Ambadungar Rare Earth Deposit.

Under the MoU, both organisations will evaluate opportunities for technical collaboration, project development and potential business structures. The partnership is also expected to support knowledge exchange, technical assessments and coordinated efforts to advance rare earth resource development.

The initiative forms part of GMDC?s broader development roadmap for the Ambadungar deposit, where the company has been advancing efforts in resource utilisation, indigenous processing capabilities and pilot-stage technology validation.

The company stated that the initiative aligns with national priorities to strengthen domestic capabilities in critical minerals and reduce import dependence, while enabling the development of downstream industries linked to clean energy technologies, advanced manufacturing, and strategic sectors.

Roopwant Singh, IAS, managing director, GMDC, said, ?The collaboration with NMDC brings together complementary institutional strengths and technical expertise to explore opportunities in the rare earth sector. Through this initiative, GMDC aims to advance the development of a sustainable rare earth value chain while contributing to India?s critical mineral resilience and industrial progress.?

GMDC, India?s second-largest lignite producer and the leading merchant seller of lignite, is a state-owned enterprise with the Gujarat government holding a 74% stake. The company mines lignite from deposit-rich regions across the state and supplies it to high-growth industries such as textiles, chemicals, ceramics, bricks, and captive power. The scrip advanced 2.22% to Rs 543.70 on the BSE.

NMDC is engaged in exploration and production of iron ore along with diamond production and sale of sponge iron and generation and sale of wind power. The scrip shed 0.18% to Rs 77.42 on the BSE.

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Gujarat Mineral Development Corporation (GMDC), a Government of Gujarat enterprise and India's leading lignite producer, has received Environmental Clearance (EC) from the Ministry of Environment, Forest and Climate Change (MoEF&CC), Government of India for its Lakhpat-Punrajpur Lignite and Limestone Mine located in Kutch, Gujarat.

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