Gujarat Mineral Development Corporation (GMDC) has taken a significant step towards strengthening India’s rare earth element (REE) supply chain with the Ambadongar project.
The company plans to invest ₹2,200 crore for mining and processing, along with an additional ₹1,300 crore to establish a Rare Earth Element (REE) processing hub, boasting an EBITDA margin of up to 50%.
The Ambadongar deposit, located in Gujarat’s Chota Udepur district, is among the world’s largest REE sources. GMDC’s production target is set at 12,000 tonnes of rare earth oxides annually, with operations expected to begin by FY 2028.
This initiative is vital to India’s clean energy goals, supplying key minerals for electric vehicles and wind turbines. It is expected to create thousands of jobs and meet 15% of India’s demand for neodymium-praseodymium (Nd-Pr). GMDC’s efforts will position Gujarat as a global leader in rare earth processing and set a new benchmark for sustainable growth in India.
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GMDC