Gujarat Mineral Development Croporation Ltd (GMDC):

• Gujarat Govt owns 74% stake.
• India’s largest lignite merchant seller and 2^nd largest producer of lignite in India.
• Lignite production stood at 1113.43 lakh tones in FY 2002.
• FY 2006 Debt Equity ratio was 1.43
• FY 2012 Debt Equity ratio is ZERO
• Two operational Segments : Mining contributing 88% of turnover and balance from Power segment.
• Providing lignite to client base of around 2500 industrial units in Gujarat, Rajasthan and Maharastra.
• Along with Gujarat Flourochemical and Navin Fluorine International is setting up Fluorspar Benefication Project.
• JV with Jaypee Associates to set up cement plantbased on limestone supply from GMCD.
• JV with Gujarat Refoils and Solvent to establish 125 MW lignite based power plant.