Shares of (GMDC) surged 7.23 per cent in Friday's trade to hit a high of Rs 529.90 after the mining and mineral PSU announced major progress on its Baitarni-West coal mine in Odisha.

GMDC said it has taken a key step towards operationalising the 15 MTPA Baitarni-West block by onboarding a mining partner and securing crucial statutory clearances. The company has received Stage-I Forest Clearance (FC) and Environmental Clearance (EC) from the Ministry of Environment, Forest and Climate Change (MoEF&CC), enabling structured advancement of the project. Advertisement

The Baitarni-West coal block is among three mines acquired by GMDC in Odisha and is considered its most significant asset due to its scale and geological potential. The company noted that the appointment of a mining partner at i

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