GMDC - Change In Leadership To Strengthen Existing Operations, Develop Diversified Business: HDFC Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..HDFC Securities Retail Research.Gujarat Mineral Development Corporation Ltd. is one of India’s leading mining and mineral processing companies. It is India’s second largest lignite-producing company. The company is also involved in the exploration of bauxite, fluorspar, manganese, silica sand, limestone, bentonite and ball clay and also has a sizeable presence in energy sector. In FY22, GMDC posted its best ever annual results over the last five years and the second best in the company’s life so far after posting a shocking net loss in FY21. GMDC has embarked on a major transformative exercise to change its fortunes and has roped in four top global management consulting firms- Boston Consulting Group, McKinsey & Co, AT Kearney and Deloitte to achieve its targeted objectives, production diversity and increased profitability. Being the only miner of lignite in Gujarat places it is at an advantageous position with regards to its customers. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

GMDC - Change In Leadership To Strengthen Existing Operations, Develop Diversified Business: HDFC Securities

GMDC - Change In Leadership To Strengthen Existing Operations, Develop Diversified Business: HDFC Securities

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