Limestone Asset Deal Boosts Gujarat’s Economy
Gujarat Mineral Development Corporation (GMDC) signed a 40-year agreement with City Gold Pipes Pvt Ltd to supply 150 million tons of limestone from its Lakhpat Punrajpur Mine in Kutch.
This limestone asset deal, formalized in Ahmedabad, supports City Gold Pipes’ mega-cement plant, driving industrial growth.
Kutch’s coastal logistics enhance market access.
The collaboration is expected to create thousands of jobs, boosting Gujarat’s socio-economic progress.
It will generate revenue via royalties, NMET, DMF, and GST, strengthening the state’s economy.
GMDC’s limestone monetization underscores sustainable resource use, with the company’s stock up 36% from its 52-week low, reflecting market confidence.
Read More at Dalal Street Investment Journal
