Ahmedabad, January 20, 2026 Gujarat Mineral Development Corporation Limited (NSE: GMDCLTD | BSE: 532181) traded firmly higher on Tuesday, gaining over 3 percent in early trade, as investor attention remained on the company’s strategic push to strengthen its rare earths capabilities through indigenous processing technology.
The stock was trading at ₹558.55 around 9:24 am IST, up ₹19.55 or 3.63 percent from its previous close of ₹539.00. During the session, the shares moved between an intraday high of ₹564.50 and a low of ₹550.40, indicating active participation in the counter.
Rare earth processing initiative in focus
GMDC has taken a significant step in advancing its Ambadungar Rare Earth Project in Gujarat by adopting an indigenous rare earth processing technology developed by the Bhabha Atomic Research Centre. The technology enables the recovery of mixed rare earth concentrate from hard-rock ankeritic ore at Ambadungar and is aimed at addressing ore-specific technical challenges while supporting pilot-scale validation.The company plans to initially deploy the process at a pilot scale to undertake process validation, recovery optimisation and environmental performance assessment before moving to subsequent stages. Pilot-scale and analytical testing activities are proposed to be supported through GMDC’s promoted institution, the International Center of Excellence in Mining Safety and Automation in Ahmedabad.
Management has highlighted that this development strengthens GMDC’s ability to build an end-to-end rare earths value chain and supports long-term value creation in line with India’s focus on critical minerals.
About the company
Gujarat Mineral Development Corporation Limited is a state-owned mining enterprise and a public sector undertaking of the Government of Gujarat. The company operates multiple lignite mines across Kutch, South Gujarat and the Bhavnagar region, supplying critical energy and industrial raw materials. GMDC is recognised as the largest merchant seller of lignite in the country and has been expanding its presence across minerals of strategic and industrial importance.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.