Investor Presentaiton

5 furtisments HVH-LYEL GMDC Ltd. HDFC securities 20 Click. Invest. Grow. YEARS It is expected that government may allow private companies to mine the Rare Earth minerals in the country. As of now, India has explored a small Lithium Reserve in Karnataka. GMDC could be beneficiary of the same as it is having proven 11.6 million tons of Fluorite reserves and Rare Earth reserves, that has high concentration of Cerium (A rare Earth Mineral), in Ambaji Dungar in Gujarat, and is looking for global partnership for mining that. It would be interesting to see how the company proceeds with development, exploitation and commercialization of rare earths deposits. The company would need to augment its manpower and equipment fleet adequately. Furthermore, there might be radioactive elements as well whose disposal and handling requires specialization and advanced waste management techniques. Mining of Fluorspar is another area where GMDC intends to foray into. It has got some good mines in Kadipani of Fluorspar Mineral. It has already floated an RFP (Request for Proposal) for PMC (Project Management Contract) of the plant. Fluorspar finds applications in industries like steel, aluminum, welding electrodes etc. Transformation of loss-making thermal power projects The company has decided to rope in Chicago-headquartered AT Kearney to transform its thermal power projects in order to achieve better efficiency and profitability. The consultant has completed the technical study, financial assessment of the plant with recommendations on improvements required. For the turnaround of its operation to remain sustainable, the company has realized it needs to strongly address the cash-burn operations, which includes, its 250 megawatt (2x125 MW) thermal power plant in Kutch. Even though the company uses its own lignite as fuel for the power plant, its performance was affected severely in FY21. The company has certain short term and long terms plans in respect of its thermal plants. For the short term, it has corrected its major equipment defect like boilers and turbines as a trade auxiliary and found improvement in PLF. Power operations: FY21 FY22 % Project Thermal Power Wind Power Installed Capacity (MW) 250 200.9 MU's Generated Plant Load Factor (PLF) Rs in Cr MU's Generated Plant Load Factor (PLF) Rs in Cr Change in Quantity Change in Sales 435.05 282.96 20% 71 15% 115 589.69 326.27 27% 141 36% 99% 19% 126 21% 9% Solar Power 5 6.02 14% 9 7.03 16% 10 16% 17% Total 723.93 195 922.99 277 (Source: Company, HDFC sec) RETAILRESEARCH FRET

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