Articles tagged under: GMDC

GMDC to run an Engineering college

September 15, 2015

Bhuj Gujarat government has taken an in-principal decision to hand over the management of Bhuj based government engineering college to Gujarat government arm Gujarat Mineral Development Corporation(GMDC). Three years ago, the state government had directed GMDC to start engineering college in central Gujarat town Khambhat and allotted land for Re 1 token rate. However GMDC was of opinion that it had no project in Khambhat and its most projects are in Kutch district, and therefore governm...Read More

GMDC consolidated Q4 net profit up at Rs 235 crore

May 28, 2015

New Delhi Gujarat Mineral Development Corporation (GMDC) today reported 22.5 per cent rise in consolidated net profit at Rs 234.9 crore for the quarter ended March 31, 2015. The company's consolidated net profit in the corresponding quarter of FY 2014 was Rs 191.7 crore, Gujarat Mineral Development Corporation said in a regulatory filing. The consolidated total income decreased from Rs 484.2 crore for the quarter ended March 31, 2014 to Rs 446.4 crore for the quarter ended March 31, 201...Read More

Gujarat PSUs to start modern schools as CSR activity

April 14, 2015

Ahmedabad Gujarat’s Government has asked it’s all the Public Sector Units(PSUs) to start modern schools matching education quality with top private schools in the backward areas of the state. The state education department has written to the Bureau of Public Enterprise (BPE) and all the department heads to instruct the PSUs under them to start modern school as their Corporate Social Responsibility(CSR). For the current year top ten PSUs like GSPC, GMDC, GIDC, GSFC, GUVNL and other...Read More

GMDC profit down by Rs. 261 crore in a year

March 26, 2015

Gandhinagar 3 out of 11 corporations under Gujarat government's industry department are making loss. As per Chief Minister's written reply in assembly, Gujarat Hathshal and Hastakala Nigam made Rs. 1.32 crore loss in 2012 and Rs. 2.46 crore loss in 2013. Finance Corporation made Rs. 113.16 crore and Rs. 112.78 crore loss in year 2012 and 2013. Industrial Corridor Corporation made Rs. 18.16 lakh loss in 2012, but made Rs. 6.69 lakh profit in 2013. Gujarat Mineral Development Co...Read More

Opening of Umarsar mine gives a new lease of life to North West corner of Gujarat

March 14, 2015

Bhuj Arid and sleepy Lakhpat is the last corner of Gujarat. It's located in northern most part of Gujarat, close to international border with Pakistan. People of Lakhpat belt are happy for last couple of days. They are happy because the state government has made Umarsar lignite mine functional.This has sparked off lot of activities here. The area feels connected again with rest of the country through moving wheels of trucks. Gujarat Mineral Development Corporation(GMDC) run Umarsar mi...Read More

Umarsar mine may start offering lignite by the end of January 2015

November 13, 2014

Representational photo Bhuj, DeshGujarat, 13 November 2014 With the last visit of Gujarat Chief Minister to Kutch district, Lignite mine at Umarsar has started witnessing massive work of excavation round the clock. So far 30 ft excavation has been completed with 8 JCBs on job. This is the task that has to be performed before actual mining of lignite which lies at the depth of 100 ft. Reopening of Umarsar mine will give new life to transportation industry in Kutc...Read More

GMDC acquires 104 ha land for alumina plant and aluminium smelter project

October 16, 2014

Bhuj, 16 October 2014 Gujarat Mineral Development Corporation(GMDC) has acquired 104 ha land to set up alumina plant in Kutch district. The project will need 400 ha land for first phase of this project which is to be set up in partnership with central government Public Sector Unit(PSU) National Aluminum Company Limited(NALCO). First phase will see construction of alumina plant and aluminum smelter plant for which 100 ha land is required.Alumina is extract...Read More

Five among top ten tax Payers in Gujarat this year are Gujarat Government run PSUs

March 21, 2013

Ahmedabad, 21 March 2013 Among the top ten companies that paid highest tax in financial year 2012-13 in Gujarat, five are state government run public sector units(PSUs). Among them four PSUs have paid more tax this year compared to previous financial year 2011-12. Gujarat Mineral Development Corporation(GMDC) is second top tax payer company in Gujarat with payment of Rs 288.50 crore tax for 2012-13, which is 34.50% higher than previous year. Gujarat State Petroleum Corpor...Read More

GMDC to start lignite mining at Umarsar

March 05, 2013

By Anil Pathak, Gandhinagar, 5 March 2013 The geological experts of Gujarat Mineral Development corporation GMDC have found huge stock of lignite at Umarsar mine spread in 2100 hector which has brightened new hope for industries in Kutch using lignite as fuel. According to an estimate made by the experts this mine has deposits of around one million tonnes of lignite which would be explored by the GMDC on commercial basis on the lines of the work done at Panandhro since las...Read More

Two Gujarat PSUs in top ten profit making SLPEs

May 16, 2012
Two Gujarat PSUs in top ten profit making SLPEs

The Union Minister for Heavy Industries and Public Enterprises, Shri Praful Patel releasing the National Survey on State Level Public Enterprises 2007-08, in New Delhi on May 16, 2012. New Delhi, 16 May 2012 Two PSUs of Gujarat have found place in the list of 10 most profit-making State Level Public Enterprises (SLPEs) in India, released by Minister of Heavy Industries and Public Enterprises Praful Patel today. In the coveted list of 10 most profit-making State Level Public...Read More