No scope for special treatment to any state in coal block allocation: Govt

The coal ministry on Friday said there is no special rule or scope of giving special treatment to any one state in allocation of coal blocks. The statement comes in the wake of media reports about Telangana industries and commerce minister K T Ramarao's allegation that a large number of lignite mines were allocated to Gujarat Mineral Development Corporation (GMDC) following the nomination method. "It has come to the notice of the ministry of coal about allegations of giving preferential treatment to one state government in allocation of coal blocks, which is false and not based on facts," the coal ministry said. "...the question of preferring one state as claimed is baseless and misleading," the statement said. The ministry further explained that two lignite blocks were allotted to GMDC in 2015 and similarly, three coal blocks were allotted to SCCL, a unit owned by the government of Telangana. Out of three coal mines allocated to SCCL, Pengaddppa and New Patrapara blocks have bee
09-12-2022
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GUJARAT MINERAL DEVELOPMENT CORPORATION LTD. - 532181 - Related Party Transactions For The Half Year Ended On 30.9.2022

In terms of Regulation 23(9) of SEBI (LODR) Regulations, 2015, we enclose herewith a statement of related party transactions in the prescribed format for the half year ended on 30.09.2022.
28-10-2022
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GUJARAT MINERAL DEVELOPMENT CORPORATION LTD. - 532181 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

We had vide our letter dated 18th October, 2022 intimated the Stock Exchanges about the schedule of Analysts/ Institutional Investors Meet on 19th October, 2022 at 3.30 PM IST through audio Conference Call. We send herewith a copy of Transcript of the said conference call which took place on 19th October, 2022. The said transcript, along with the audio file link, is also uploaded on the Company''s website i.e. www.gmdcltd.com.
21-10-2022
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GUJARAT MINERAL DEVELOPMENT CORPORATION LTD. - 532181 - Announcement under Regulation 30 (LODR)-Newspaper Publication

With reference to the subject mentioned above, we submit herewith the Newspaper Advertisement relating to unaudited Financial Results (standalone and consolidated) for the quarter / half year ended on 30"" September, 2022 published in Mint - English - All India Edition and Divya Bhaskar - Gujarati - Anmedabad on 19.10.2022. You are requested to kindly take note of the same.
19-10-2022

GMDC's Q2 profit jumps 273% to Rs151 crore

The consolidated income of the public sector enterprise increased to Rs591.4 crore in the July-Sept period from Rs494.7 crore in the year-ago quarter
18-10-2022
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Q2FY23 Quarterly Result Announced for Gujarat Mineral Development Corporation Ltd.

Gujarat Mineral Development Corporation announced Q2FY23 results: Standalone (Q2FY23): Total income stands at Rs. 591.70 crore as against Rs. 494.30 crore in Q2 FY22 Revenue from Operations stood at Rs. 538.91 crore as against Rs. 451.88 crore in Q2 FY22 Profit Before Tax stands at Rs. 203.97 crore as against Rs. 49.18 crore in Q2 FY22 Profit After Tax reported was at Rs. 150.62 crore as against Rs. 41.13 crore in Q2 FY22 EPS stands at Rs. 4.74 (Face Value Rs.2 per share) Standalone (H1FY23): Total Income stood at Rs. 1794.44 crore in H1FY23 as against Rs. 1026.78 crore in H1FY22. Revenues from operations were reported at Rs. 1694.28 crore as compared to Rs. 950.21 crore in H1FY22; up by 78.30% Profit Before Tax (PBT) stood at Rs. 670.44 crore for H1FY23 as compared to Rs. 93.55 crore in H1FY22.The Company’s PBT margin (H1FY23) stood at 39.57%. Profit After Tax (PAT) increased to Rs. 495.52 crore in H1FY23 as against Rs. 78.66 crore in H1FY22. The Company’s PAT (H1FY23) margin stood at 29.48 %. Earnings per share (EPS) for the H1FY23 stood at Rs. 15.58 (Face Value Rs. 2 per share}. Commenting on the financial performance of the company, Shri Roopwant Singh, IAS, Managing Director, GMDC said, “Overall we have made significant progress across our strategic priorities, creating value for all stakeholders. We are on track to delivering what we had promised during our earlier interactions with the investors. Operationally, we have delivered a robust set of numbers driven by our performance and supportive commodity prices. | can assure our investors that we are doing our best to turn around our power segment. We are committed to making GMDC stronger through growth, operational efficiencies, unlocking through technology and digitalization.” Result PDF
18-10-2022
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GUJARAT MINERAL DEVELOPMENT CORPORATION LTD. - 532181 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

In continuation of our letter of today's date on the Consolidated and Standalone un-audited Financial Results for the quarter / half year ended on September 30, 2022, we send herewith a copy of Media Release being issued by the Company in this regard. The Consolidated and Standalone un-audited Financial Results for the quarter / half year ended on September 30, 2022, approved by the Board of Directors and the Media Release thereon will also be available on the Company's website www.gmdcltd.com. You are requested to take note of the same.
18-10-2022
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GUJARAT MINERAL DEVELOPMENT CORPORATION LTD. - 532181 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

We wish to inform you, pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, we give the below schedule of Analysts/Institutional Investors meet for your information. Date: 19-10-2022 3.30 PM Type of Interaction: Audio Conference Call Interaction to: Discuss the company's Q2 & H1 FY23 financial performance. The discussion will be mainly on the company and will not involve any unpublished price sensitive information. The Analysts/ Institutional Investors Meet is subject to changes due to any exigency on behalf of the analysts / investors or the company. You are requested to take note of the same.
18-10-2022
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GUJARAT MINERAL DEVELOPMENT CORPORATION LTD. - 532181 - (I) Unaudited Standalone / Consolidated Financial Results Of GMDC For The Quarter / Half Year Ended On 30.09.2022 (Ii) Limited Review Report For The Quarter / Half Year Ended On 30.09.2022

With reference to above, we are pleased to inform you that our Board of Directors in their meeting held on 18.10.2022 have approved unaudited financial results (standalone / consolidated) of the Company for the quarter / half year ended on 30.09.2022, a copy of which is submitted herewith. We are also submitting herewith limited review report for the above mentioned quarter / half year.
18-10-2022
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GUJARAT MINERAL DEVELOPMENT CORPORATION LTD. - 532181 - Board Meeting Outcome for (I) Unaudited Standalone / Consolidated Financial Results Of GMDC For The Quarter / Half Year Ended On 30.09.2022 (Ii) Limited Review Report For The Quarter / Half Year Ended On 30.09.2022

With reference to above, we are pleased to inform you that our Board of Directors in their meeting held on 18.10.2022 have approved unaudited financial results (standalone / consolidated) of the Company for the quarter / half year ended on 30.09.2022, a copy of which is submitted herewith. We are also submitting herewith limited review report for the above mentioned quarter / half year.
18-10-2022
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