After the turnaround, GMDC sets its sights on higher growth
After turning around the operations of Gujarat government-backed Gujarat Mineral Development Corporation (GMDC) – from the mining company reporting its first loss ever to posting its highest ever quarterly revenue in less than a year – the newly appointed duo of Rajiv Kumar Gupta and Roopwant Singh now have their sights on growth.
The company has hired top consultant like BCG, Deloitte and AT Kearney and is paying them top dollar for their help in its turnaround. The agenda include getting its new lignite coal mines operational, turning around its loss-making power plant and increasing metals operations to reduce dependence on coal.
