New Delhi, Feb 22 (PTI) State-owned Gujarat Mineral Development Corporation Ltd (GMDC) on Wednesday said all efforts are being made to resolve issues faced in Tadkeshwar and Bhavnagar lignite projects.

The company has been facing issues such as stoppage of work at the Tadkeshwar-Surat lignite project due to mine sliding and capacity limitations at the Bhavnagar lignite project.

Also Read | BSE Sensex Crashes 927 Points Amid Weak Global Cues; Settles at 59,745 Points.

The management is leaving no stone unturned to improve the efficiency of wind projects, GMDC said in a statement.

The PSU "recorded the highest-ever profits in 9MFY23 at Rs 1,040 crore; which can be attributed to a change in strategies, focus on pricing and elimination of bottlenecks with improved operational efficiencies," it said.

Also Read | Indian Workers With Digital Skills Contributing USD 508 Billion to Country's GDP, Says Report.

The previously reported highest profit at Rs 904 crore was during FY13.

This increase shows the company is growing and will continue its good performance in the future.

With new initiatives being introduced, the sales division is being completely revamped and piloted in a new direction.

Introduction of dynamic pricing, the new categorisation of customers for better targeting, geographically rational allocation and allocation based on better customer engagement have resulted in better utilisation and 10 per cent better realisations.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)