Gujarat Mineral Development seeks partnership with Technology Consultants; stock rises

23 Aug 2022 , 03:13 PM

Gujarat Mineral Development Corporation (GMDC), a significant mining PSU business and the country’s largest lignite supplier revealed plans to collaborate with technical consultants on a dry beneficiation technology pyrite/sulphur removal facility.

For more than six decades, GMDC, a Government of Gujarat Enterprise, has been a mining pioneer, catering to the demands of minerals and solid fuel for businesses in and outside of Gujarat.

The mining operations of GMDC are distributed in the districts of Kutch, Devbhoomi Dwarka, Bhavnagar, Bharuch, Panchmahal, and Banaskantha in Gujarat. It now trades minerals such as lignite, bauxite, fluorspar, manganese, ball clay, silica sand, bentonitic clay, and limestone.

The GMDC has also built a 250 MW lignite-based thermal power station at Nani Chher in Kutch, a 200.9 MW wind power plant at Maliya, Jodiya, Godsar, and Bhanvad, and a 5 MW solar power plant at Panandhro Project.

As a result, before selling lignite to its clients, GMDC needs pyrites to be removed from lignite produced at its Surkha (North) mine.

Consequently, GMDC aims to employ a consultant to design, engineer, build, supply, install, and commission a modular lignite washery (sulphur/pyrite removal plant) with an appropriate Crusher from 1.50 million tonnes of 10% sized lignite per annum using environmentally friendly dry technology.

GMDC has issued an RFP for the selection of the aforementioned consultant, which may be obtained from the GMDC website.

At around 3.17 PM, GMDC was trading at Rs173 up by Rs0.6 or 0.35% from its previous closing of Rs172.40 on the BSE. The scrip touched intraday high and low of Rs175.15 and Rs169.25 respectively.