GMDC pays ₹302 crore dividend, including ₹224 crore to Gujarat
In short
Gujarat Mineral Development Corporation paid a ₹302 crore dividend. Of that, ₹224 crore went to the Gujarat government, which owns 74% of the company.
This matters because the state is the main shareholder and will receive most of the payout. The report says FY26 profit rose 44%, but it does not give the full profit number or explain why.
What the reporting says
Gujarat Mineral Development Corporation paid a ₹302 crore dividend, including ₹224 crore to the Gujarat government, which holds a 74% stake in the mining company. The payout gives the state the largest share of the dividend. The source also says FY26 profit rose 44%, but it does not provide the profit figure or explain the driver.
Why it matters
Gujarat Mineral Development Corporation paid a ₹302 crore dividend, with ₹224 crore going to the Gujarat government because it holds a 74% stake. The reported FY26 profit increase of 44% points to stronger earnings, but the source does not give the base profit amount or the reason for the rise. The immediate impact is a cash payout to the state and shareholders.