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  • Mining stocks attractively priced

    At 6 times FY19 estimated earnings, GMDC remains one of our attractive picks in the mining space

  • Strong demand for lignite likely to sustain, says GMDC

    Strong demand for lignite likely to sustain, says GMDC

    Gujarat Mineral Development Corporation (GMDC) posted a good quarter. In an interview to CNBC-TV18, L Kulshrestha, CFO of GMDC spoke about the results and his outlook for the company.

  • To use excess cash of Rs 1100 cr for tech upgradation & other biz segments: GMDC

    To use excess cash of Rs 1100 cr for tech upgradation & other biz segments: GMDC

    In an interview to CNBC-TV18, L Kulshrestha, CFO of Gujarat Mineral Development Corporation (GMDC) spoke about the results and his outlook for the company.

  • GMDC Q4 PAT seen up 58.1% to Rs 70 cr: HDFC Securities

    GMDC Q4 PAT seen up 58.1% to Rs 70 cr: HDFC Securities

    Net Sales are expected to increase by 43.4 percent Q-o-Q (up 39.9 percent Y-o-Y) to Rs 530 crore, according to HDFC Securities. GMDC to report net profit at 70 crore up 58.1% quarter-on-quarter.

  • Power business reported steady performance, says GMDC

    Power business reported steady performance, says GMDC

    In an interview to CNBC-TV18, L Kulsheshtra, CFO of Gujarat Mineral Development Corporation (GMDC) spoke about the results and his outlook for the company.

  • GMDC Q2 PAT may dip 38.7% to Rs 70.4 cr: ICICI Securities

    GMDC Q2 PAT may dip 38.7% to Rs 70.4 cr: ICICI Securities

    Sales are expected to decrease by 23.5 percent Q-o-Q (up 23.3 percent Y-o-Y) to Rs 305.4 crore, according to ICICI Securities.

  • See FY17 lignite volumes around 80 lakh tonnes: GMDC

    See FY17 lignite volumes around 80 lakh tonnes: GMDC

    The FY17 lignite volumes would be more than 80 lakh tonnes, said L Kulshrestha, CFO, GMDC.

  • GMDC Q1 PAT seen down at 5.1% to Rs 74 cr: ICICI Securities

    GMDC Q1 PAT seen down at 5.1% to Rs 74 cr: ICICI Securities

    Sales are expected to decrease by 10.5 percent Q-o-Q (up 1.6 percent Y-o-Y) to Rs 321.6 crore, according to ICICI Securities

  • Can sell lignite to anyone now, reform to aid revenue: GMDC

    Can sell lignite to anyone now, reform to aid revenue: GMDC

    With the removal of restriction of selling lignite to only end-users, GMDC hopes to see incremental revenue going forward

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