GMDC Shares Surge 7% After Odisha's Baitarani-West Coal Mine Approval

• GMDC shares surged 7% on December 12, reaching ₹529.90, following significant approvals.
• The company received major clearances for its Baitarani-West Coal Mine in Odisha.
• The Ministry of Environment granted Stage-I Forest Clearance and Environmental Clearance for the opencast coal mine.
• The Baitarani-West mine has a 15 MTPA capacity and is expected to strengthen India's energy ecosystem.
• A mining partner has been appointed to manage operations and ensure planned production at the site.

Why It Matters: GMDC's Odisha coal mine approval strengthens India's energy and boosts company growth.