Gujarat Mineral Development Corporation (GMDC) posted an exceptional second-quarter performance, with net profit surging 264 percent to Rs 466 crore. The remarkable growth was driven by higher sales of key minerals, favorable commodity prices, and improved operational efficiencies across mining and processing units. The company’s diversified portfolio, which spans bauxite, lignite, and other minerals, enabled it to capitalize on robust domestic and export demand. Cost optimization and strategic production planning further enhanced margins.