GMDC Q1 internet up 141% on rise in mining income – newsdubai
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GMDC Q1 internet up 141% on rise in mining income – newsdubai

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State-run mining agency Gujarat Mineral Growth Company Restricted (GMDC) had a pointy soar in consolidated internet revenue of Rs 345 crore. INR for the quarter ended June 30, in opposition to INR 38 million. INR within the corresponding quarter a 12 months in the past.

Income from operations rose 132 p.c to ₹1,155 crore (498 crore).

In section income, GMDC’s mining reported 141 p.c rise in income to ₹1,093 crore (₹454 crore). Energy income rose 93 p.c to ₹104 crore (₹53 crore).

The state-owned miner is the most important vendor of lignite within the nation, with greater than 80 p.c of its whole income from lignite. The corporate has 5 operational lignite mines in Gujarat.

GMDC shares rose 4 p.c to 179.5 p.c on the BSE on Friday.

Revealed it

12 August 2022