GMDCLTD

** Shares of Gujarat Mineral Development Corporation GMDC.NS rise as much as 12.9% to 370.60 rupees

** Stock's sharpest intraday pct gain since Nov. 8, 2023

** The lignite miner on Tuesday reported 71.4% Y/Y rise in Q2 consolidated profit, rev from ops rose ~55%

** Stock is witnessing its most active trading session since July 8; more than 10 mln shares change hands, 9.6x of 30-day avg

** Stock last up 10.8%, trimming YTD loss to 10.6%

(Reporting by Ashish Chandra in Bengaluru)

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Sept 19 (Reuters) - Gujarat Mineral Development Corporation Ltd GMDC.NS:

• HANDOVER OF EXPLORATION DATA FOR AMBADONGAR RARE EARTH DEPOSIT

• AIMS TO ESTABLISH COMPLETE SUPPLY CHAIN IN RARE EARTH PROCESSING

• INVESTMENT OF 22 BILLION RUPEES FOR MINING AND PROCESSING

• INVESTMENT OF ADDITIONAL 13 BILLION RUPEES FOR REE PROCESSING HUB

Source text for Eikon: ID:nBSE40Pc02

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** Shares of mining-related firms gain between 2% and 6.7%

** Finance Minister Nirmala Sitharaman announces exemption from import duty on 25 critical minerals in budget speech

** 20 Microns' MICR.NS 6.7% gain the highest, trailed by Orissa Minerals Development Co's ORIS.NS 2% climb

(Reporting by Kashish Tandon in Bengaluru)

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July 9 (Reuters) - Gujarat Mineral Development Corporation Ltd GMDC.NS:

• GERC APPROVED AMENDMENTS TO POWER PURCHASE AGREEMENT OF CO

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June 25 (Reuters) - Gujarat Mineral Development Corporation Ltd GMDC.NS:

• GUJARAT MINERAL DEVELOPMENT CORPORATION - GMDC AND GUJARAT URJA VIKAS NIGAM JOIN HANDS

Source text for Eikon: ID:nNSE4RC5RJ

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** Shares of Gujarat Mineral Development Corp GMDC.NS down 3% to 390.7 rupees

** The lignite miner's March-qtr profit fell ~54% Y/Y, rev from ops down ~25%

** Stock to log sixth straight session of losses, if trend holds

** Its shares have fallen 6.7% so far in May, after rising in the previous month

(Reporting by Manvi Pant in Bengaluru)

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Feb 22 (Reuters) - Gujarat Mineral Development Corporation Ltd GMDC.NS:

• APPROVES 30.41 BILLION RUPEES CAPITAL OUTLAY FOR FY25

  
  

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** Shares of Gujarat Mineral Development Corp GMDC.NS down ~9.5% at 389 rupees

** Mining co on Friday reported a 56% drop in Dec-quarter profit, revenue fell ~34

** Stock had settled 10.5% lower on Friday after the results

** GMDC has lost ~19% since Friday, its biggest two-day fall since May 2022

** Stock down ~15% in Feb so far, after rising 12.5% in Jan

(Reporting by Nishit Navin in Bengaluru)

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** Shares of miner Gujarat Mineral Development Corp GMDC.NS rise nearly 9%, hitting a record high

** GMDC nn Monday said it received environmental clearance for lignite capacity expansion

** Stock on track for a fourth consecutive session of gains, if trend holds

** GMDC rose for the third straight qtr in the Dec-qtr

** GMDC rose around 178% last year, its biggest yearly gain since listing in 1998

(Reporting by Yagnoseni Das in Bengaluru)

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** Shares of Gujarat Mineral Development Corp GMDC.NS rise as much as 4.9% to 423.90 rupees

** GMDC plans to spend 9 bln rupees ($108.24 mln) to develop underground copper mine in Gujarat state - Hindu BusinessLine report

** GMDC did not immediately reply to Reuters' request for confirmation of the plan

** Stock on track to snap three consecutive sessions of losses, if trend holds; eyes sixth straight month of gains

** More than 6.2 mln shares change hands by 2:26 p.m. IST, 0.9x the 30-day avg

** Stock up ~184% YTD

($1 = 83.1490 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

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** Shares of Gujarat Mineral Development Corporation GMDC.NS rise as much as 11.8% to hit a record high of 439 rupees

** More than 633,000 shares change hands in four block deals as of 2:40 p.m. IST, at a price between 421.35 rupees and 436.30 rupees - LSEG data

** If trend holds, stock will log gains for a third straight session

** More than 32 mln shares changed hands by 2:40 p.m. IST, 3.5x their 30-day avg

** Stock last up 10.7%, taking YTD gains to ~196%

(Reporitng by Nishit Navin)

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** Shares of Gujarat Mineral Development Corporation GMDC.NS fall 11.3% to 312.20

** Co on Wednesday reported a 51.3% fall in consolidated profit for qtr ended Sept. 30 to 745.9 mln rupees

** Stock on track to decline for fourth straight session, if trend holds

** Stock currently above its 100-, 200-day simple moving avg; GMDC has been above 100-day SMA since Apr. 26

** Qtrly consolidated rev from ops fell ~29% rupees; mining segment rev, the biggest contributor, fell 30.5% Y/Y

** About 8.1 mln shares traded as of 10:32 a.m. IST, vs 30-day avg of ~9.8 mln shares

** GMDC last down 7.8%; including session's move, stock up 120.7% YTD

(Reporting by Meenakshi Maidas in Bengaluru)

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Nov 1 (Reuters) - Gujarat Mineral Development Corporation Ltd GMDC.NS:

• INDIA'S GUJARAT MINERAL DEVELOPMENT CORPORATION SEPT-QUARTER CONSOL PROFIT 745.9 MILLION RUPEES VERSUS PROFIT 1.51 BILLION RUPEES

• GUJARAT MINERAL DEVELOPMENT CORPORATION LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 3.83 BILLION RUPEES VERSUS 5.39 BILLION RUPEES

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** Shares of mining companies MMTC MMTC.NS, NMDC NMDC.NS, Coal India COAL.NS, Moil MOIL.NS Gujarat Mineral Development Corp GMDC.NS, Hindustan Zinc HZNC.NS, Hindustan Copper HCPR.NS and National Aluminium Co NALU.NS rise between 2% and 20%

** MMTC up 20%, MOIL up 10%, NMDC up 6% and GMDC up 5%, respectively

** Shares rise after government approved royalty rates for mining strategic minerals lithium, niobium and rare-earth elements

** Approval to enable government to auction blocks for these minerals for the first time in India

** Royalty rate of 3% fixed on lithium and niobium, 1% for rare-earth elements

** Royalty rate is a crucial financial consideration for bidders in auction of blocks

** India currently conducting exploration for critical and strategic minerals

(Reporting by Bharath Rajeswaran in Bengaluru)

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Aug 17 (Reuters) - Gujarat Mineral Development Corporation Ltd GMDC.NS:

• TO UPWARDLY REVISE DIVIDEND FOR FY 2022-23 TO 11.45 RUPEES PER SHARE FROM 9.1 RUPEES PER SHARE EARLIER

Source text for Eikon: ID:nBSE7H6t7d

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Aug 10 (Reuters) - Gujarat Mineral Development Corporation Ltd GMDC.NS:

• GUJARAT MINERAL DEVELOPMENT CORPORATION LTD - TO CONSIDER UPWARD REVISION IN RATE OF DIVIDEND RECOMMENDED FOR FY 2022-23

• GUJARAT MINERAL DEVELOPMENT CORPORATION LTD - TO CONSIDER UPWARD REVISION IN RATE OF DIVIDEND ON AUG 17

Source text for Eikon: ID:nBSE8hghch

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** Shares of Gujarat Mineral Development Corporation GMDC.NS fall as much as 7.13% to 168.70 rupees, mark sharpest intraday pct loss since June 20, 2022

** The Indian mining and power co reported 36.6% YoY fall in June-qtr consolidated profit while rev from ops fell 33.7% YoY

** Revenue from mining and power segments fell 33.6% and 28.3% respectively

** More than 6.6 mln shares change hands by 3:02 p.m. IST, 3.3x 30-day avg

** Stock up 17.1% YTD

(Reporting by Ashish Chandra in Bengaluru)

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June 20 (Reuters) - Gujarat Mineral Development Corporation Ltd GMDC.NS:

• DR. HASMUKH ADHIA APPOINTED AS CHAIRMAN

Source text for Eikon: ID:nBSE1761M

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** Shares of most Gujarat State public sector undertakings jumped on state govt policies for dividend, buy back, bonus and splitting of shares

** Barring Gujarat Gas Ltd GGAS.NS, all the other six listed state PSUs of Gujarat surged between 7% and 20%

** Gujarat Industries Power Ltd GJIP.NS up 20%; Gujarat State Fertilisers and Chemicals Ltd GSFC.NS and Gujarat Mineral Development Corp Ltd GMDC.NS rise over 15%

** Other state PSUs up between 7% and 10%

** Uptick after the state on Tuesday mandates 30% of profit after tax or 5% or net worth as the minimum threshold of dividend declared for shareholders

** Every state PSU with net worth of 20 bln rupees and cash and bank balance of 10 bln rupees asked to exercise the option of share buyback

** PSUs mandated to split shares when market price of the company's shares exceeds 50 times of its value

** PSUs to issue bonus shares if their defined reserves and surplus is equal to or more than 10 times of its paid up share capital

** "There is more clarity to minority shareholders and scope to improve governance," says Nilesh Shah, managing director at Kotak Mahindra Asset Management

(Reporting by Bharath Rajeswaran in Bengaluru)

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April 6 (Reuters) - Gujarat Mineral Development Corporation Ltd GMDC.NS:

• INFORMATION SECURITY INCIDENT HAS OCCURRED AT COMPANY

• INCIDENT HAS NOT IMPACTED COMPANY'S CORE IT SYSTEMS

• COMPANY HAD IMMEDIATELY ISOLATED ITS CORE IT ASSETS

• IT SYSTEMS HAVE BEEN NORMALIZED AND ARE FUNCTIONING

• COMPANY HAS ALREADY BEGUN A DETAILED INVESTIGATION IN THIS MATTER

• DUE TO THIS INCIDENT, THERE WAS NO LOSS OF CRITICAL DATA

Source text for Eikon: ID:nNSEp33gy

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