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GMDC gets environmental clearance for 3 MTPA Kutch lignite and limestone projectGMDC has received environmental clearance for its Lakhpat–Punrajpur lignite and limestone mine in Kutch, strengthening long-term production visibility and expanding its mineral resource base in Gujarat.By Sheersh Kapoor  February 27, 2026, 3:21:49 PM IST (Published)1 Min ReadGujarat Mineral Development Corporation Ltd (GMDC) has received environmental clearance from the Ministry of Environment, Forest and Climate Change for its Lakhpat–Punrajpur Lignite and Limestone Mine in Kutch, Gujarat.

The project has been approved with a production capacity of 3.0 million tonnes per annum (MTPA) of lignite and 29.81 MTPA of limestone. The company said the clearance marks a key regulatory milestone and enhances long-term production visibility, strengthening its mineral resource base within Gujarat across both fuel and industrial mineral segments.

GMDC said the integrated development of lignite and limestone resources is expected to support sectors such as energy generation and cement, while enabling it to move towards implementation in line with statutory requirements.

Separately, the company on February 26 signed a memorandum of understanding with NTPC Limited to explore opportunities in coal and lignite gasification and downstream utilisation. The framework includes feasibility assessment, pilot projects, exploration of end-use applications and a time-bound action plan.

Earlier this month, GMDC reported a net profit of ₹133 crore for Q3 FY26, down 10% year-on-year, while revenue declined 11.3% to ₹579 crore. EBITDA rose 9.5% to ₹101.2 crore, with margins improving to 17.5% from 14.1% a year ago.

As of 03:02 PM, shares of Gujarat Mineral Development Corpn Ltd closed at ₹572.20, down 0.80% on the NSE.Continue ReadingTagsGMDCshare market today