India's Gujarat Mineral Development Corp rises after limestone supply deal

Gujarat Mineral Development

07/05/2025 09:11

** Shares of Gujarat Mineral Development Corporation Ltd GMDC.NS rise as much as 3.3% to 305.75 rupees
** Mining co signs long-term supply agreement with City Gold Pipes for supply of 150 mln tons of limestone over 40 years
** Adds, agreement marks partnership towards monetizing the large limestone asset of GMDC
** More than 616,000 shares traded as of 1:38 p.m. IST, busiest day yet so far this week
** GMDC last up 2.5%, cutting YTD losses to 8%

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))