GMDC signs MoU with NMDC to explore rare earth collaboration

Business Desk — Mon, 16 Mar 2026 10:22:27 +0000

Gujarat Mineral Development Corporation Ltd. (GMDC) has signed a Memorandum of Understanding (MoU) with NMDC Limited to explore collaboration opportunities in the Rare Earth Elements (REE) sector. The initiative aims to strengthen India’s capabilities in rare earths.

The collaboration will focus on assessing the potential development of an integrated rare earth value chain in Gujarat, including exploration, mining, beneficiation, processing, and downstream applications. This engagement will primarily explore opportunities associated with GMDC’s Ambadungar Rare Earth deposit.

Under the MoU, GMDC and NMDC will evaluate opportunities for technical collaboration, project development, and potential business structures. The partnership is expected to facilitate knowledge exchange, technical evaluation, and coordinated efforts towards advancing rare earth resource development.

This initiative is part of GMDC’s broader roadmap for the Ambadungar deposit, aiming to enhance resource utilisation, indigenous processing capabilities, and pilot-stage technology validation. It aligns with national priorities to strengthen domestic capabilities in critical minerals and reduce import dependence.

Shri Roopwant Singh, IAS, Managing Director of GMDC, highlighted the significance of the collaboration, stating it brings together complementary institutional strengths and technical expertise to explore opportunities in the rare earth sector.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Roopwant Singh | Business Upturn

GMDC signs MoU with NMDC to explore rare earth collaboration