GMDC Expands Mining in Odisha with New Coal Mine Agreement

18 Jul 2024 CW Team

Gujarat Mineral Development Corporation (GMDC) has embarked on a strategic expansion of its mining operations in Odisha through a new agreement focused on coal mining. This initiative underscores GMDC's commitment to bolstering its footprint in the lucrative coal sector of eastern India.

The agreement entails the development and operation of a new coal mine in Odisha, aimed at augmenting GMDC's coal production capacity and meeting the growing demand for coal in the region. The expansion aligns with GMDC's strategic objectives of diversifying its mineral portfolio and enhancing operational efficiencies.

The new mining project in Odisha is expected to contribute significantly to local economic development by creating job opportunities and fostering infrastructure growth. It reinforces GMDC's role in supporting India's energy security goals through sustainable and responsible mining practices.

GMDC's expansion into Odisha's coal sector underscores its proactive approach in leveraging regional opportunities and strengthening its position as a key player in India's mining industry. The company aims to capitalise on the rich coal reserves in Odisha to sustainably meet the country's increasing energy needs.

Overall, GMDC's new coal mining agreement in Odisha signifies a strategic investment in expanding its operational capabilities and reinforcing its commitment to sustainable development practices in the mining sector.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..