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GMDC Signs 40-Year Limestone Supply Pact with City Gold Pipes

Synopsis:

GMDC signed a 40-year agreement to supply 150 million tonnes of limestone from Lakhpat Punrajpur Mine in Kutch to City Gold Pipes, ensuring long-term mineral availability.


Gujarat Mineral Development Corporation has entered a long-term supply agreement with City Gold Pipes for 150 million tonnes of limestone. The supply will be sourced from GMDC’s upcoming Lakhpat Punrajpur Mine located in the Lakhpat Taluka of Kutch district. The agreement spans a period of 40 years and marks a strategic step in securing long-term raw material availability for construction and industrial applications in Gujarat.

Also read: NLC India Signs MoU with IREL to Explore Critical Minerals Sector

GUJARAT MINERAL DEV CORP

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306.210.10 (3.41 %)

Updated - 07 May 2025
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Key takeaways

  1. GMDC to supply 150 million tonnes of limestone over 40 years

  2. Limestone will be sourced from the Lakhpat Punrajpur Mine in Kutch

  3. City Gold Pipes is a consortium of Goldcrest Cement and Kailash Darshan Housing

  4. Agreement to support industrial and housing sectors with consistent raw material flow

  5. Gujarat Mineral share price may react to this strategic long-term development

Also read: India UK FTA: 90% Tariff Lines Slashed, Export Boost Expected

Focus on long-term mineral supply

The agreement ensures a consistent supply of limestone for City Gold Pipes, which serves industries such as cement production and housing infrastructure. By leveraging the reserves of the Lakhpat Punrajpur Mine, GMDC enhances the mineral security framework for industrial players in Gujarat. The supply contract also reflects the state’s broader mineral development goals aligned with infrastructure growth and economic expansion.

Strengthening Gujarat’s industrial base

The Lakhpat Punrajpur Mine project is a significant component of Gujarat’s resource strategy. The limestone sourced from this mine will play a key role in sustaining the construction and cement industries across western India. The 40-year commitment underlines GMDC’s operational readiness and long-term vision in mineral logistics and bulk supply contracts.

Agreement snapshot

Parameter

Details

Agreement type

Long-Term Supply Agreement

Supplier

Gujarat Mineral Development Corporation (GMDC)

Buyer

City Gold Pipes (Goldcrest Cement consortium)

Mineral

Limestone

Total quantity

150 million tonnes

Supply duration

40 years

Mine location

Lakhpat Punrajpur, Kutch, Gujarat

This milestone agreement is expected to add strategic value to GMDC’s portfolio and may positively impact Gujarat Mineral share price over the long term. As the mining operations and supply chain activities progress, Gujarat Mineral share price will likely remain under active market watch. Continued performance and delivery may further support Gujarat Mineral share price in the infrastructure-linked minerals segment.

Also read: Prestige City Indirapuram Clocks Rs.3,000 Cr Sales in Just a Week

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