Latest news with #AndhraPradeshPollutionControlBoard
India.com
2 days ago
- Business
- India.com
India's first gold mine since independence to produce around 750 kgs of gold annually, expected to bring Rs 3500000000 in earning, it is located in…, name is…
India's first gold mine since independence to produce around 750 kgs of gold annually, expected to bring Rs 3500000000 in earning, it is located in..., name is For the first time since India's independence, a new gold mine is about to start operations in the country. This mine is located in Jonnagiri, a region in Kurnool district of Andhra Pradesh. It is expected to produce around 750 kilograms of gold every year. The company handling this project is Deccan Gold Mines Limited, which has now received approval from the Andhra Pradesh Pollution Control Board to begin mining. The mine will be run in partnership with another company called Geomysore Services (India) Pvt. Ltd. According to Hanuma Prasad Modali, the Managing Director of Deccan Gold Mines, the mine will produce around 400 kg of gold in the first year, and once it reaches full capacity, production will increase to 750 kg annually. He also shared that this is the first gold mine to be opened in India in the last 80 years. After the announcement, the share price of Deccan Gold Mines jumped by nearly 10 per cent on Thursday, showing strong market interest in the project. Estimated Earnings: Rs. 300 to Rs. 350 Crore Now that the Andhra Pradesh Pollution Control Board has given its final approval, Deccan Gold Mines can begin operating both the mine and the processing plant. However, the company has said that it will take a few more months before actual work starts, as trial runs need to be done before full-scale mining begins. The gold extracted from this mine will be sold to nearby refineries for processing. Speaking about the revenue, the company estimates that if they manage to extract 400 kilograms of gold in the first year, it could bring in Rs. 300 to Rs. 350 crore in earnings. This is based on an expected EBITDA margin of 60 per cent. The company believes that this level of revenue may be achieved by the financial year 2027. Shares soar after mining approval Once the news broke that Deccan Gold Mines had received permission to begin mining, its stock took off. The share price climbed to a 10-month high, closing at Rs. 163.70 on Thursday, a jump of 9.73 per cent for the day. Over the last year, Deccan Gold's shares have risen by around 60 per cent, and since the start of 2025, they've already gained 46.7 per cent.
Economic Times
3 days ago
- Business
- Economic Times
Deccan Gold Mines shares zoom 14% after Jonnagiri gold project receives consent to operate
Deccan Gold Mine announced that its associate, has received Consent to Operate (CTO) from the Andhra Pradesh Pollution Control Board. Deccan Gold Mines shares: In a regulatory filing, Deccan Gold Mines announced that Geomysore has received approval to begin operations at the Jonnagiri project—a key milestone following prior environmental clearances and public consultations. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Deccan Gold Mines surged 14.3% intraday on Thursday to hit a day's high of Rs 170.50 after the company announced that its associate firm, Geomysore Services (India), has received the Consent to Operate (CTO) from the Andhra Pradesh Pollution Control Board (APPCB) for its Jonnagiri Gold Project In a regulatory filing, Deccan Gold Mines stated that it has been informed by Geomysore about the approval, which marks a significant milestone in the development of the Jonnagiri project. The CTO allows Geomysore to initiate the operation phase of the gold project, following earlier environmental approvals and public CTO approval comes after the successful grant of Environmental Clearance by the Expert Appraisal Committee (EAC) of the Ministry of Environment, Forest and Climate Change (MoEFCC) during its meeting held on March 25, clearance pertains to the gold ore processing plant component of the project, and its official confirmation was published on the Ministry's portal on April 18, context to the development, a public consultation process for the project was conducted earlier in February, in Jonnagiri, Andhra Pradesh. Following this, Geomysore applied for the environmental clearance from the MoEFCC in line with the regulatory obtaining the clearance, the firm subsequently applied for the CTO from APPCB in April 2025, completing the final step required before the commencement of gold Jonnagiri project is among the first privately held gold mining initiatives in India to reach this advanced stage of regulatory approval. The company stated that it will continue to keep shareholders informed about future developments.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
3 days ago
- Business
- Time of India
Deccan Gold Mines shares zoom 14% after Jonnagiri gold project receives consent to operate
Deccan Gold Mine announced that its associate, has received Consent to Operate (CTO) from the Andhra Pradesh Pollution Control Board. Deccan Gold Mines shares: In a regulatory filing, Deccan Gold Mines announced that Geomysore has received approval to begin operations at the Jonnagiri project—a key milestone following prior environmental clearances and public consultations. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Deccan Gold Mines surged 14.3% intraday on Thursday to hit a day's high of Rs 170.50 after the company announced that its associate firm, Geomysore Services (India), has received the Consent to Operate (CTO) from the Andhra Pradesh Pollution Control Board (APPCB) for its Jonnagiri Gold Project In a regulatory filing, Deccan Gold Mines stated that it has been informed by Geomysore about the approval, which marks a significant milestone in the development of the Jonnagiri project. The CTO allows Geomysore to initiate the operation phase of the gold project, following earlier environmental approvals and public CTO approval comes after the successful grant of Environmental Clearance by the Expert Appraisal Committee (EAC) of the Ministry of Environment, Forest and Climate Change (MoEFCC) during its meeting held on March 25, clearance pertains to the gold ore processing plant component of the project, and its official confirmation was published on the Ministry's portal on April 18, context to the development, a public consultation process for the project was conducted earlier in February, in Jonnagiri, Andhra Pradesh. Following this, Geomysore applied for the environmental clearance from the MoEFCC in line with the regulatory obtaining the clearance, the firm subsequently applied for the CTO from APPCB in April 2025, completing the final step required before the commencement of gold Jonnagiri project is among the first privately held gold mining initiatives in India to reach this advanced stage of regulatory approval. The company stated that it will continue to keep shareholders informed about future developments.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Hans India
30-05-2025
- General
- Hans India
APPCB to hold awareness programms on environment
Visakhapatnam: As a prelude to 'World Environment Day 2025', celebrated on June 5, the Andhra Pradesh Pollution Control Board (APPCB), Srikakulam, will organise various awareness programmes. With the theme focusing on 'Ending Plastic Waste Globally', the APPCB, Srikakulam, will conduct an awareness drive from May 31 to June 5. As part of this initiative, essay writing and drawing competitions will be held for students of Classes 6 to 10 at New Central School on May 31 (Saturday) at 10:00 a.m., and again on June 4 for intermediate students at Government Junior College (Boys) and Government Junior College (Girls), Srikakulam. Interested students can participate at the respective venues. To increase green cover, 5,000 saplings are proposed to be planted in Pydibhimavaram, Tekkali, and various villages. Cloth bags will also be distributed to reduce dependence on plastic. In addition, a green rally followed by workshops will be organised on June 5. Environmental Engineer of APPCB, Karuna Sree, informed that prizes will be awarded to the winners. Further details can be obtained by contacting 9494590115 or 9010854409.
Hans India
29-05-2025
- Politics
- Hans India
NTR was Yama for corrupt
Vijayawada: The Andhra Pradesh Pollution Control Board (APPCB) headquarters on Wednesday celebrated the 102ndbirth anniversary of former Chief Minister of undivided Andhra Pradesh and the icon of Telugu self-respect, Nandamuri Taraka Rama Rao. Speaking on the occasion, APPCB chairman P Krishnaiah lauded NTR, stating that Nandamuri Taraka Rama Rao's name itself was a sensation. Krishnaiah reminisced about his personal and professional association with NTR. 'I worked with him when he was Chief Minister. Our bond was very special. When I was the RDO of Gudivada, he filed his nomination as an MLA for the first time with me as the returning officer. After his win, I handed him the certificate. When he was elected Chief Minister for the second time, he appointed me as the Joint Secretary in his office, as I was then the Guntur joint collector.' Krishnaiah further elaborated on NTR's administrative prowess. He was called 'Yama' (God of Death) in administration. He simply would not tolerate corruption. APPCB Member Secretary, Chief Environment Engineer, Joint Chief Environmental Engineer, Senior Administrative Manager, senior officials, and staff of the APPCB also participated.
