27 Feb, EOD - Indian

SENSEX 81287.19 (-1.17)

Nifty Midcap 100 59115.6 (-1.14)

Nifty IT 30603.85 (0.16)

Nifty Next 50 69710.9 (-1.30)

Nifty 50 25178.65 (-1.25)

Nifty Pharma 22952.35 (-1.50)

Nifty Bank 60529 (-1.08)

Nifty Smallcap 100 16928.9 (-1.10)

27 Feb, EOD - Global

NIKKEI 225 58850.27 (0.16)

HANG SENG 26630.54 (0.95)

S&P 6872.6 (-0.83)


Corporate News

You are Here : Home > News > Corporate News >

(27 Feb 2026, 11:21)

GMDC inks MoU with NTPC to explore coal, lignite gasification opportunities

Gujarat Mineral Development Corporation (GMDC) said that it has signed a memorandum of understanding (MoU) with NTPC to jointly explore opportunities in coal and lignite gasification and downstream utilisation.


The MoU sets out a collaborative framework to assess the feasibility of gasifying coal from GMDC’s coal blocks in Odisha and lignite from its mining operations in Gujarat.

As part of the agreement, GMDC will undertake pilot initiatives, including surface and underground coal and lignite gasification, to evaluate technical feasibility, operational parameters and scalability. NTPC, on the other hand, will assess potential end-use applications of syngas produced, including techno-commercial viability and market opportunities across relevant industrial sectors.

Subject to successful pilot outcomes, the two companies plan to evolve mutually agreed frameworks for joint production, marketing and commercialisation of syngas. They will also formulate a clearly defined, time-bound action plan to ensure systematic progress of the initiative.

GMDC said it has already initiated preliminary assessments for commercialisation of downstream products and is in the process of engaging technical partners for detailed feasibility studies. The MoU is expected to strengthen these efforts by leveraging NTPC’s expertise in large-scale energy systems and project execution.

Commenting on the development, Roopwant Singh, managing director (MD), GMDC, said the collaboration underscores the company’s commitment to innovation-led growth and optimal utilisation of mineral resources, while supporting national goals of energy security and industrial development.

GMDC, India’s second-largest lignite producer and the leading merchant seller of lignite, is a state-owned enterprise with the Gujarat government holding a 74% stake. The company mines lignite from deposit-rich regions across the state and supplies it to high-growth industries such as textiles, chemicals, ceramics, bricks, and captive power. The scrip fell 0.47% to Rs 573.50 on the BSE.

NTPC, along with its subsidiaries/associates & JVs, is primarily involved in the generation and sale of bulk power to state power utilities. Other business of the group includes providing consultancy, project management & supervision, energy trading, oil & gas exploration, and coal mining. The scrip rose 0.58% to Rs 384.05 on the BSE.

More News

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and Content powered by CMOTS InfoTech (ISO 9001:2015 & ISO/IEC 27001:2022 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +