Gujarat Mineral Development Corporation Ltd. and City Gold Pipes Pvt. Ltd. Sign Long-Term Supply Agreement for 150 Million Tons of Limestone

Gujarat Mineral Development Corporation Ltd. (GMDC) has signed a Long-Term Supply Agreement (LSA) with City Gold Pipes Pvt. Ltd. (A consortium of Goldcrest Cement Private Limited and Kailash Darshan Housing Development (Gujarat) Private Limited) for the supply of 150 million tons of limestone over a period of 40 years from its upcoming Lakhpat Punrajpur Mine in Lakhpat Taluka of Kutch District in Gujarat. This strategic partnership will support City Gold Pipes Pvt. Ltd. in setting up a greenfield integrated mega-capacity cement plant, fostering industrial growth in the region. The collaboration will stimulate investment, enhance industrial development, and generate thousands of direct and indirect employment opportunities in Kutch, contributing significantly to the socio-economic progress of Gujarat. This initiative will also contribute substantially to the State Exchequer through revenue generation in the form of Royalty, National Mineral Exploration Trust (NMET) contributions, District Mineral Foundation (DMF) funds, and Goods & ServicesTax (GST) on both limestone and cement production.