GMDC, which has signed a host of MoUs with various companies is keen to pick up stake in project in lieu of supply of raw materials. Companies like Sunflag Iron & Steel, Nagpur, BLA Coke, Global LDA of Mozambique, Hindustan-Dorr Oliver, Saurashtra Fuels have inked agreements with GMDC for supply of raw materials like bauxite, silica, fluorspar, sand and limestone. These companies have planned to invest Rs. 15000 million each in Gujarat for setting up coke oven plants. Aryan Coal and Adani Enterprises are planning to invest Rs.600 million each to set up coal washeries and they too will get raw materials from GMDC. GMDC may pick-up upto 26% of stake in these projects.