📷 Image: Wikimedia Commons / Ministry of Ports, Shipping and Waterways
Business
GMDC Declares ₹223.55 Crore Dividend for Gujarat Government
✍️ EquityBulls
🗓 22 Oct 2026, 12:16 AM
👁 17
Gujarat Maritime Development Corporation (GMDC) has announced a dividend of ₹223.55 crore to be paid to the Government of Gujarat.
Gujarat Maritime Development Corporation (GMDC), the state‑owned maritime development arm of Gujarat, has announced that it will pay a dividend of ₹223.55 crore to the Government of Gujarat.
The dividend reflects GMDC’s profitability from its shipping, port and logistics operations over the past fiscal year. As a majority shareholder, the state government receives the dividend as part of its share in the corporation’s earnings.
GMDC’s board approved the dividend during its annual general meeting, citing strong financial performance and a robust balance sheet. The payment is expected to be transferred to the government’s account in the coming weeks.
This dividend underscores the continued growth of Gujarat’s maritime sector and the state’s role in supporting the industry’s expansion.
The dividend reflects GMDC’s profitability from its shipping, port and logistics operations over the past fiscal year. As a majority shareholder, the state government receives the dividend as part of its share in the corporation’s earnings.
GMDC’s board approved the dividend during its annual general meeting, citing strong financial performance and a robust balance sheet. The payment is expected to be transferred to the government’s account in the coming weeks.
This dividend underscores the continued growth of Gujarat’s maritime sector and the state’s role in supporting the industry’s expansion.