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KPI Green Energy arm executes BESPA with Gujarat Urja Vikas Nigam
For development of standalone BESS project of 120 MW / 240 MWh
Gujarat Mineral Development Corporation consolidated net profit declines 14.20% in the March 2026 quarter
Sales rise 3.53% to Rs 814.05 crore
India’s first indigenous 200-kmph Ahmedabad-Dholera rail corridor worth Rs 20,667 crore gets Cabinet nod
A new semi-high-speed rail line will connect Ahmedabad and Dholera in Gujarat. The project, costing around Rs 20,667 crore, will be India's first with indigenous technology. It aims to reduce travel time significantly, boosting connectivity and regional development. The line will operate at 200 kmph.
Union mines ministry launches 2nd tranche of e-auction for 12 limestone blocks in Jammu & Kashmir
The Union Ministry of Mines has launched the second phase of e-auctions for twelve limestone blocks in Jammu and Kashmir. This initiative aims to boost mineral development and economic growth. The blocks are located in Anantnag, Rajouri, and Poonch districts. Tender document sales begin May 18, with a pre-bid conference on June 5.
Akasa Air establishes aircraft leasing unit at GIFT City, boosting India's aviation finance hub
Akasa Air has set up an aircraft leasing unit at Gujarat International Finance Tec-City. This move supports fleet expansion and aims to keep leasing business within India. Akasa joins other Indian carriers in utilizing GIFT City. This development is part of India's effort to build a domestic aviation finance ecosystem. The unit will finance a majority of Akasa's fleet.
Govt says 101 mineral blocks started operations since auction regime began in 2015
India's mines ministry announced 101 mineral blocks are now operational. This achievement follows the 2015 auction system. The ministry worked with state governments to speed up approvals and production. Odisha leads with 34 operational blocks. Karnataka and Gujarat also show significant progress. This development supports India's self-reliance goals.
Coal India commissions 100 MW solar power project in Gujarat
State-owned Coal India Limited has commissioned a 100 MW solar power project in Gujarat. This marks a significant step in the company's renewable energy expansion. The project received its commissioning certificate from Gujarat Energy Development Agency. This development comes as Coal India aims to increase its solar capacity. The company is working towards becoming a Net Zero energy entity.
GMDC shares rocket 18% to new 52-week high. What’s triggering the sharp surge?
Gujarat Mineral Development Corporation (GMDC) share price surged 18% to a new 52-week high of Rs 736, driven by robust trading volumes exceeding Rs 2,400 crore. The company, a major lignite producer, also announced a collaboration with NMDC to explore Rare Earth Elements in Gujarat. Despite a slight dip in Q3 profit, GMDC's stock has shown remarkable long-term growth.
Centre auctions record 200 mineral blocks in FY26, highest ever
A record 200 mineral blocks will be sold in 2025-26. This is the highest ever in a single year. Tamil Nadu is conducting auctions for the first time. Uttarakhand is also entering the framework with its first magnesite block. Gujarat, Rajasthan, and Tamil Nadu are leading the auctions. This initiative strengthens the national auction ecosystem.
KPI Green Energy secures Rs 949 cr sanction from Canara Bank
KPI Green Energy has secured a sanction of Rs 931 crore from Canara Bank in the form of a Fresh Rupee Term Loan and Rs 48 crore in the form of a Bank Guarantee, to finance the development of its 150 MW wind power project in Gujarat.
GMDC, NMDC sign pact to explore rare earth development in Gujarat
The partnership will focus on assessing the potential development of an integrated rare earth value chain in Gujarat, covering exploration, mining, beneficiation, processing and downstream applications.
Gujarat Gas shares plunge 4% after 50% supply cut to industrial users amid Middle East conflict: Report
Gujarat Gas has slashed industrial gas supplies by 50% due to disruptions linked to the US-Iran conflict impacting regasified LNG availability. The company declared a Force Majeure event, citing circumstances beyond its control, as Qatar Energy's LNG production halted. This development significantly affects Gujarat Gas, which relies heavily on imports, particularly from Qatar.