GMDC extends winning streak after Cabinet approves REPM incentive plan

Contributing sentiments towards policy:

60% : Subscribe Rare earth permanent magnets are critical for electric vehicles, renewable energy equipment, consumer electronics, aerospace and defence.
60% : The government said the initiative will help build an integrated domestic supply chain, support strategic industries and advance Indias long-term self-reliance and clean-energy goals.
53% : The change ended the earlier inverted duty structure, enabling the company to recognise accumulated input tax credit that had been expensed in prior periods.
52% : GMDC, Indias second-largest lignite producer and the leading merchant seller of lignite, is a state-owned enterprise with the Gujarat government holding a 74% stake.

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