GMDC receives approval to mine up to depth of 135 meters at Tadkeshwar Lignite Mines in Surat

21 Feb 2022 , 11:43 AM

Gujarat Mineral Development Corporation (GMDC) has received an amendment to its environment clearance from the Ministry of Environment and Forest to mine up to a depth of 135 meters from its earlier approved depth of 94 meters at the Tadkeshwar, Lignite Mines.

Roopwant Singh, Managing Director, GMDC said “The Lignite Mines in Tadkeshwar is strategically located in Surat, a large industrial belt. We have mined 0.68 mn MT of Lignite from the Tadkeshwar mines in 9MFY22 against 0.53 mn MT in 9MFY21. This is indeed a good development and will help us cater to the constantly increasing demand-supply gap and the energy requirements in the state and across the country.”

“For FY21-22, we had a production target of 86.63 lakh MT and we have achieved 65.64 lakh MT till 23/1/2022. During the year 2021-22, lignite production at Bhavnagar mines achieved was 12.86 lakh MT, an increase of 7.92 lakh MT, as against 4.94 Lakh MT in 2020-21.,” added Roopwant Singh.

At around 11.39 AM, GMDC was trading at Rs134.80 per piece down by 0.4% on BSE. The stock has touched an intraday high and low of Rs138.60 per piece and Rs132.25 per piece.