StockWatch
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Industrial Minerals
Dividend21 Oct 2026, 07:20 pm

GMDC Presents ₹223.55 Crore Dividend to Gujarat Govt

AI Summary

Gujarat Mineral Development Corporation Limited (GMDC) has presented a dividend cheque of ₹223.55 crore to the Government of Gujarat, representing its share of the final dividend for FY 2025-26. The dividend of ₹9.50 per equity share (475%) results in a total payout of ₹302.10 crore to shareholders. This payout is in line with GMDC's progressive dividend policy and reflects a standalone profit after tax of ₹990.81 crore for FY 2025-26. Over the last five financial years, GMDC's dividends to the Government of Gujarat have exceeded ₹1,050 crore. The company is focused on strengthening its lignite business, advancing coal and critical mineral projects, and expanding its renewable energy capacity.

Key Highlights

  • GMDC declares final dividend of ₹9.50 per share (475%) for FY 2025-26.
  • Total dividend payout amounts to ₹302.10 crore.
  • Government of Gujarat to receive ₹223.55 crore, holding 74% equity.
  • FY 2025-26 standalone profit after tax was ₹990.81 crore.
  • Total dividends to Gujarat Govt over five years exceed ₹1,050 crore.