GMDC Inks 40-Year Limestone Supply Deal with City Gold Pipes

Gujarat Mineral Development Corporation (GMDC) has entered into a significant Long-Term Supply Agreement (LSA) with City Gold Pipes, a consortium comprising Goldcrest Cement and Kailash Darshan Housing Development (Gujarat). The agreement entails the supply of a substantial 150 million tons of limestone over a period of 40 years from GMDC's upcoming Lakhpat Punrajpur Mine, situated in the Lakhpat Taluka of Gujarat's Kutch District.

This long-term partnership secures a key raw material source for City Gold Pipes and guarantees a steady revenue stream for GMDC from its new mining operations. The Lakhpat Punrajpur Mine is expected to play a crucial role in fulfilling the limestone demand for the consortium's projects over the next four decades. This agreement marks a significant development for both entities and underscores the potential of the mineral-rich Kutch region in Gujarat.