India’s gold mining industry is about to see a major milestone. Deccan Gold Mines Ltd (DGML), the first and only gold exploration company listed on the BSE, announced that the Jonnagiri gold project in Andhra Pradesh will soon commence full scale production.
Located near Jonnagiri, Erragudi, and Pagadirayi villages in Kurnool district, the mine is expected to produce around 750 kilograms of gold annually. This figure could be scaled up to nearly 1,000 kilograms within the next 2 3 years, according to DGML Managing Director Hanuma Prasad.
Currently, India produces just about 1.5 tonnes of gold each year while relying heavily on imports. Once operational, this mine will add nearly a tonne to the country’s output, marking a significant step in reducing dependency on foreign gold.
The project has already secured environmental clearances in June and July 2025, along with key state level approvals. At present, DGML is working on finalising the plant’s technology and stabilising operations to ensure smooth production.
Established in 2003, DGML has played a pioneering role in gold exploration in India and abroad. Its stake in Geomysore Services India Ltd, the developer of the Jonnagiri project, reinforces its leadership in private gold mining.
Read More: Indian Association of Sharjah Asks Govt to Scrap Gold Limit for NRIs.
Gold holds cultural, economic, and strategic importance in India, yet the nation depends overwhelmingly on imports. The operationalisation of Jonnagiri the first large private sector gold mine signals a potential shift toward enhancing domestic gold production and supporting resource security.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Published on: Sep 18, 2025, 3:19 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates