It has been a mixed bag for Gujarat’s Public Sector Undertakings (PSUs) on the stock exchanges during the first half of the financial year 2025-26. While four of the state PSUs registered a positive growth, a similar number yielded negative or no gains.

According to data compiled from the bourses, Gujarat Mineral Development Corporation (GMDC) emerged as a standout performer among the listed state PSUs, with 125.17 per cent surge in its stock price, rising from ₹265.35 to ₹597.50 between March 28 and September 30. A lignite manufacturer, GMDC is close to breaking ground for the first of its three coal blocks allotted in Odisha. The businessline had reported that the company has plans to conduct the ground-breaking ceremony of its first coal mine in Angul district of Odisha --- Baitara

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