Deccan Gold Mines has incorporated a wholly owned subsidiary (WOS) viz. Novadhatu Minerals to focus exclusively on critical mineral projects in India. The Ministry of Corporate Affairs, Government of India has issued the Certificate of Incorporation on October 27, 2025.
The WOS has been incorporated to carry on the business of exploration, prospecting, surveying, development, mining, extraction, refining, processing, beneficiation and trading of Nickel, Platinum Group of Elements (including Platinum, Palladium, Rhodium, Ruthenium, Iridium, and Osmium) and other associated minerals and ores in India and abroad; to establish, operate and maintain mines, quarries, processing plants, smelters, refineries and other facilities necessary for the extraction and processing of Nickel and PGEs in India and abroad; to manufacture, market, import, export and deal in all products, by-products and derivatives obtained from the mining and processing of Nickel and PGEs in India and abroad; to undertake research and development activities in the field of mineral exploration, mining technologies, environmental sustainability and resource optimization; and to acquire, lease or otherwise obtain rights over mineral bearing lands and properties and to undertake geological, geophysical, geochemical and other technical studies for the identification and evaluation of mineral resources in India and abroad.
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.
| Company Name | CMP |
|---|---|
| Coal India | 441.65 |
| NMDC | 88.81 |
| GMDC | 691.40 |
| Sandur Manganese | 213.50 |
| MOIL | 321.05 |
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