Announced Wed, 24 Jun · 20:36 IST
Jonnagiri Gold Project inaugurated by AP Chief Minister
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DECNGOLD · price
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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.