Deccan Gold Mines (DGML) has made its first-tranche investment of Rs 15 crore into Geomysore Services India (GMSI) on September 1, 2023 and would be investing a further amount of Rs 13.50 crore into GMSI by September 10, 2023. Thus, DGML would be making a total investment of Rs 28.50 crore into GMSI. Proceeds of this investment was to be used for land acquisition, ordering of equipment and commencement of civil work for the processing plant and water pipeline work.
Deccan Gold Mines (DGML) is the first private sector gold exploration company in India. The company has a large portfolio of exploration prospects in the states of Karnataka, Andhra Pradesh, Kerala and Rajasthan.
