Deccan Gold Mines shares surge 10% after company receives CTO from APPCB for its Jonnagiri Gold project
Shares of Deccan Gold Mines Ltd soared 10% in early trade after a significant regulatory milestone was achieved for its Jonnagiri Gold Project. The project, operated by Geomysore Services India Pvt. Ltd., has received the much-anticipated Consent to Operate (CTO) from the Andhra Pradesh Pollution Control Board (APPCB).
This approval marks a critical step forward in the development of the Jonnagiri Gold Project, one of India's most advanced private sector gold mining ventures. The CTO comes after the successful public consultation held on February 18, 2025, in Jonnagiri, Andhra Pradesh, which was part of the environmental clearance process for the plant component of the project.
Following this consultation, the Ministry of Environment, Forest and Climate Change (MoEFCC) granted Environmental Clearance (EC) in April 2025. In accordance with regulatory procedures, Geomysore then applied for the CTO, which has now been approved.
This regulatory green light enables Geomysore to begin plant operations and move closer to production, potentially unlocking significant value for shareholders.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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