State-owned Gujarat Mineral Development Corporation Ltd (GMDC) approved a capital expenditure of Rs 3,041 crore for the fiscal year 2025. The budget includes Rs 1,138 crore for new lignite projects, Rs 629 crore for operationalizing allotted coal blocks in Odisha, and Rs 462 crore for expanding and modernizing metal projects, focusing on the extraction and processing of rare earth elements.
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