Gujarat Mineral Development Corporation Limited announced its financial results for the first quarter

Mumbai/Ahmedabad: Gujarat Mineral Development Corporation Limited, a leading mining PSU enterprise and largest lignite seller in the country, has announced its financial results for the first quarter ended June 30, 2023.

Commenting on the company's financial performance, Managing Director, GMDC, Mr. Roopwant Singh, IAS, said, “I accept the results for the first quarter of FY2024, which shows an average performance, which is in line with our desired expectations. is low. Although we are not completely satisfied. As a result, we are committed to learning from this experience and using it as a catalyst for improvement.

We understand that challenges are a part of any journey, and our team is dedicated to identifying areas of growth to lead the company to greater success. As we analyze the factors influencing these results, we implement strategic measures and improve our position in the market. We are determined to make the necessary adjustments to strengthen."

Mr. Roopwant Singh said, “GMDC has a rich heritage of resilience, and we strongly believe that the unwavering dedication of our team, coupled with our commitment to innovation, will help us overcome obstacles and achieve continuous growth. . We are focusing on optimizing our resources, exploring new opportunities and optimizing. Our operational efficiency will drive better performance in the coming quarters.”