Gujarat Mineral Development Corporation Limited has informed the Exchange regarding a press release dated February 26, 2026, titled "GMDC signs MoU with NTPC to Explore Coal Supply for Power Generation".
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Gujarat Mineral Development Corporation Limited (GMDC) has signed a Memorandum of Understanding (MoU) with NTPC, India's largest power generator, to explore coal supply arrangements for power generation. The MoU is a non-binding agreement that signals intent to study potential collaboration between the two state-owned entities. This partnership could open a new revenue stream for GMDC by leveraging its coal mining operations to supply fuel to NTPC's power plants. The move aligns with India's growing power demand and the government's push for domestic coal usage in thermal power generation.
This is a positive development for GMDC shareholders as it potentially secures a large, creditworthy off-taker (NTPC) for coal sales, which could boost long-term revenue visibility. However, since this is only an MoU and not a binding contract, the actual impact on earnings will depend on future binding agreements and execution.