The Gujarat Mineral Development Corporation (GMDC) has approved a capital expenditure of Rs 3,041 crore for the FY25.  The state public undertaking had set a capex target of Rs 800 crore for the ongoing financial year.

With a strategic allocation of Rs 1,138 crore towards new lignite projects, this investment will propel the enhancement of its existing lignite projects, while also driving the development of new ventures. GMDC has dedicated Rs 629 crore to expedite the operationalisation of the allotted coal blocks in Odisha.

Further, the company has set aside Rs 462 crore for the expansion and modernisation of its metal projects. This initiative has special focus on the extraction and processing of rare earth elements, vital for high-technology industries, as well as national security applications.

The approval reinforces GMDC's commitment to growth and sustainable development in the mineral sector. GMDC currently has five operational lignite mines located in Kutch, South Gujarat, and Bhavnagar region.