Malabar opens largest jewellery plant at 1k cr in Hyderabad
The facility, which is located on a 4.4-acre parcel of land at the General Park in Maheshwaram, has a capacity to produce 17 kg of jewellery per day, which works out to 6 tonnes of jewellery per annum, including 4.7 tonnes of gold jewellery and 1.8 lakh carats of diamond jewellery, Malabar Group chairman MP Ahammad said on Thursday. The facility will also house a refinery with a capacity to process 78 tonnes of gold per annum, said Nishad NK, executive director, Malabar Group, adding that the company has 14 facilities globally, in India as well as in countries such as UAE, Oman, Qatar, and Saudi Arabia, with a total capacity to make 100 kg of gold and studded ornaments per day.
Malabar Gold & Diamonds India operations managing director Asher O said the refinery will be developed in two phases, with the capacity to refine the internal scrap generated by the factory to start shortly and a larger setup to be completed in the second phase.
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Inaugurating the facility, chief minister Revanth Reddy said Telangana has emerged as a destination for global investments thanks to policy continuity across successive govts.
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"Telangana means business, Telangana means profit. Come and invest in Telangana."
He said the govt will be releasing the 'Telangana Rising 2047' document on December 9, 2025, when his govt completes two years. Reddy also said the govt has formulated plans to build the Bharat Future City in Maheshwaram and develop Hyderabad as a global manufacturing hub.
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