Deccan Gold Mines Limited
DECNGOLD.BO
Bombay Stock Exchange174.70
INR
+8.75
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Deccan Gold Mines Limited
DECNGOLD.BO
(Bombay Stock Exchange)
Recent
price
174.70
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Deccan Gold Mines Limited engages in the exploration, development, extraction, processing, and sale of gold and critical minerals. The company operates primarily through its gold exploration and mining segment, with projects spanning multiple geographies including the Jonnagiri Gold Project in Andhra Pradesh, India; Altyn Tor Gold Project in Kyrgyzstan; Syrjala-Kalevala Gold Project in Finland; prospecting licenses in Tanzania; and the Bhalukona-Jamnidih block in Chhattisgarh, India, which is focused on nickel, copper, chromium, and associated platinum group elements. Founded in 1994 and headquartered in Bengaluru, Karnataka, India, Deccan Gold Mines actively explores several mineral-rich belts such as the Dharwar Shimoga Belt, Hutti-Maski Belt, Mangalur Schist Belt, and Ramagiri Schist Belt within India. The company also provides mineral exploration consultancy services. Recent major developments include significant progress towards commercial production at the Altyn Tor Gold Project with the commissioning of new conveyors, crushers, and a ball mill, positioning it for Doré bar production expected by October 2025. This project advances India’s self-reliance in natural resources under the Atmanirbhar Bharat initiative. Additionally, the company has diversified by acquiring the Bhalukona-Jamnidih Ni-Cr-PGE block, signaling a strategic expansion into critical battery metals. Deccan Gold Mines also plans to commence drilling for critical minerals like nickel, copper, platinum, and palladium in Chhattisgarh from December 2025. Despite some delays in its Jonnagiri project, the company continues to strengthen its asset base and operational footprint globally. Deccan Gold Mines is listed on the Bombay Stock Exchange and remains India's only publicly listed gold exploration company. It targets diverse markets across India, Central Asia, Africa, and Europe, emphasizing gold and critical mineral resources essential for strategic and economic growth. The company operates with a lean workforce and continues to focus on scaling production capabilities and resource development through innovative exploration and mining technologies.