Friday, August 07
Shares of Gujarat Mineral Development Corporation (GMDC) jumped nearly 5% to Rs 603 on the NSE, while NMDC inched up about 1%, after Finance Minister Nirmala Sitharaman unveiled a major new initiative targeting rare earth minerals in her Budget speech.The government is rolling out a dedicated rare earths corridor, a strategic plan to build a full-fledged supply chain for critical minerals. States like Odisha, Kerala, Andhra Pradesh, and Tamil Nadu are set to become hubs for mining, processing, and distributing these essential resources, the FM mentioned.Under this initiative, states such as Tamil Nadu will gain from a permanent rare earths development scheme, designed to streamline the entire value chain from extraction to market. The move is likely to strengthen the long-term growth prosp
