GMDC takes stride towards operationalizing Baitarni-West mine, one of the largest Coal mines in India

The Board of Directors of Gujarat Mineral Development Corporation Ltd. (GMDC) have approved the Land and Resettlement & Rehabilitation (R&R) plan for its highest peak rated capacity (PRC) and one of India's largest coal mines - "Baitarni-West" in Odisha. Coal as a critical energy source remains a significant part of India's energy mix, the emphasis on a comprehensive Land and R&R plan indicates a balanced approach towards industrial development and ensuring energy security.

This strategic decision spotlights GMDC's commitment to the early operationalization of the mine, highlighting its pivotal role in enhancing the Odisha's industrial prosperity and also contributing towards Gujarat's energy security. After approval of the Board, GMDC shall move towards the opening of the coal mine with a PRC of 15 million tonnes per annum in Odisha. With this, a significant mineable reserve of 468 million tonnes in "Baitarni-West" would become one of the top 20 coal producing mines in the country in terms of annual production capacity, notably contributing towards Aatmanirbhar Bharat.

GMDC's focused approach towards the operationalization of the mine is evident with its plan for land acquisition and R&R activities in the concerned area. This comprehensive Land and R&R plan showcases company's in-depth understanding of the socio-economic dynamics of the affected areas, aiming to deliver equitable benefits from the project to the local communities. The plan for the land acquisition comprises of govt. and private land with approximate area of 154.3 Ha and 199.86 Ha respectively. The R&R plan is being designed for 1500 nos. of affected families in the area. Key components of the Land and R&R plan are its robust compensation and employment framework, designed to support the long-term financial stability of affected families & landowners.

GMDC has also launched several significant initiatives in the Angul region, including the intervention in primary health sector like mobile medical unit (MMU) - "Jan Chikitsa Seva" providing free medical services at doorsteps for the local communities, earmarking land for improved educational facilities and sports complexes, ensuring access to safe drinking water, and distributing mobility aids to specially-abled people.

Shares of Gujarat Mineral Development Corporation Limited was last trading in BSE at Rs. 397.10 as compared to the previous close of Rs. 394.70. The total number of shares traded during the day was 262464 in over 7124 trades.

The stock hit an intraday high of Rs. 408.00 and intraday low of 380.00. The net turnover during the day was Rs. 103642849.00.

Source : Equity Bulls

Keywords

GujaratMineralDevelopmentCorporation INE131A01031 GMDC BaitarniWestMine Odisha