Budget 2026: GMDC shares rally 5% as FM Sitharaman announces rare earth corridor

February 1, 2026

GMDC and NMDC shares rose after the Budget 2026 announced a dedicated rare earths corridor aimed at building a complete critical minerals supply chain. With states like Tamil Nadu, Odisha and Kerala set to become key hubs, the move boosts long-term prospects for India’s rare earth and mining companies.

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