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

Shares of GMDC surged 5% following the Budget 2026 announcement of a rare earth corridor designed to strengthen India’s critical minerals supply chain. The initiative, which also lifted NMDC shares, positions states like Tamil Nadu, Odisha, and Kerala as strategic hubs, signaling significant growth potential for the country’s rare earth and mining sectors in the years ahead.