In line with the Company's Vision of becoming a premier B2B hub, the Company has purchased/acquired a plot of land measuring 10,500 square meters, and the required details as per Regulation 30 of SEBI (LODR) Regulations 2015 are mentioned in the Intimation.
SKYGOLD · price
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Sky Gold and Diamonds has purchased a 10,500 square meter plot of land to build a new 5,40,000 sq. ft. facility aimed at making the company a premier B2B gold hub in India. The new facility will add 4.5 tons KG per month of production capacity, which is 4.5x the company's current capacity of 1 ton KG per month. The total investment is estimated to be over Rs. 100 crores, funded entirely through internal accruals, with business operations expected to commence by FY2027. Current capacity utilization stands at 0.55 tons KG per month, meaning the company is operating at about 55% of its existing capacity.
This is a significant long-term growth move that could substantially boost production and market position by 2027, but the benefits are several years away and the company is currently underutilizing its existing capacity. The use of internal accruals (no debt) preserves balance sheet strength but ties up capital in a long-gestation project.