Gujarat Mineral Development Corporation Limited (GMDC) is the largest merchant seller of lignite in India and also produces bauxite, calcined bauxite, fluorspar, and manganese ore. It has diversified into power generation through coal and lignite.

The company is undergoing a substantial capacity expansion, with major investments in new lignite and coal mines set to ramp up production significantly in the coming years. This aligns with GMDC’s strategy to boost its mineral output sustainably.

GMDC plans to raise its lignite production to approximately 15 MTPA by 2035, leveraging new mines in Gujarat. By optimizing asset utilization, GMDC intends to substantially increase its contribution to India's lignite demand.

The company's Baitarani West coal mine in Odisha is anticipated to be a major future revenue driver, potentially reaching peak production capacity of 15 million tonnes per annum by the end of the decade.

GMDC is exploring new ventures, like its entrance into copper mining and rare earth elements, showcasing its strategic pivot towards diverse critical minerals markets.