Jonnagiri Gold Project inaugurated by AP Chief Minister

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Price reactionminutes from the announcement price · days from the prior close

-8.5%Reaction day

₹212.20

prior close

₹217.80

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-7.9% vs market

Non - Ferrous Metals peers, median of 19sector · industry level-2.0%-6.5% vs sector

On the reaction day the stock moved 7.9 pts less than Nifty Microcap 250 and 6.5 pts less than its Non - Ferrous Metals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Non - Ferrous Metals peers, median of 19Pending

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AI summary

Deccan Gold announced the inauguration of the Jonnagiri Gold Project in Andhra Pradesh by Chief Minister N Chandrababu Naidu on June 24, 2026. Operated by associate GMSI, the project will process about 1,000 tonnes of ore daily, producing 400-600 kg of gold annually. Post-expansion, capacity rises to 2,500 tonnes daily and over 1 tonne of gold per year. CM pledged support for further expansion. Village renamed Swarnagiri.

Likely market impact

Positive milestone as first gold project launch signals revenue start. Expansion plans could significantly boost long-term production and shareholder value.