Key Address: Roopwant Singh, Managing Director, Gujarat Mineral Development Corporation Limited

In this video:
Key Address by Roopwant Singh, Managing Director, Gujarat Mineral Development Corporation Limited

Topic: The role of IT and Digital Transformation in Public Sector Undertakings and Enterprises

Key Highlights:
[1] GMDC has achieved a significant turnaround in performance, moving from an INR 350 Cr loss in FY21 to INR 1,700 Cr in profits in FY23

[2] In market capitalisation, the company has progressed from being second from the bottom to operating at the level of petroleum and natural gas operators

[3] GMDC was an early adopter of digitization, with our largest mine in Kutch featuring sensors designed for our mining fleet

[4] We use three types of sensors, tracker sensors, activity sensors, and fuel sensors to enhance the overall efficiency of our mining fleet

[5] Digital fleet monitoring has also been implemented at GMDC’s Bhavnagar mine. Although we currently undersell our product, we are committed to developing a robust IT system to support GCV-based pricing