India’s First Large Private Gold Mine in Andhra Pradesh Nears Full-Scale Production

New Delhi, September 18: India is set to achieve a significant milestone in its mining sector. This comes after India’s first large private gold mine in Andhra Pradesh is preparing to start full-scale production in the coming months.

India’s First Private Gold Mine Being Developed By Geomysore Services India Ltd

Geomysore Services India Ltd is developing the jonnagiri gold project in Kurnool district, which is set to be the first private gold mine in India. The mine is located near Jonnagiri, Erragudi and Pagadirayi villages, and has already secured environmental clearance earlier this year. Now, it is awaiting state approvals which are also in progress. Deccan Gold Mines Ltd (DGML) holds a stake in Geomysore Services India Ltd, and is the only gold exploration company listed on BSE.

“Project stabilisation is underway. The focus right now is on finalising the plant technology, and full-scale production will begin very soon,” said DGML Managing Director Hanuma Prasad at the CII India Mining Summit 2025.

Deccan Gold Mine Shares Rise By 9.95%

After the announcement, the Deccan Gold Mines Ltd share price witnessed a heavy rally and ended the trading day up by 9.95%, at ₹135.95. The shares made an intraday high of ₹137.80 and a low of ₹121.90. The traded volume stood at 17.03 lakh shares, with the market cap at ₹1,949 crore.

Indian Exploration and Mining Company

Deccan Gold Mines Limited is an Indian exploration and mining company that specialises in the exploration and development of gold deposits. The company was established on 12th July 2006 and has its headquarters in Bengaluru, Karnataka, India. The company’s NSE ticker symbol is DECCANGOLD and its BSE code is 512068.0

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