DGML Kyrgyz Gold Project On Track for 2025 Launch

10 Jul 2025 CW Team

Situated in the mineral-rich mountains of Kyrgyzstan, the project is operated by Avelum Partners LLC, in which DGML holds a 60 per cent controlling stake. Once operational, it will be the first Indian-owned gold production facility in Central Asia.

“With the ball mill foundation laid and fabrication of key equipment well underway, we remain on schedule for commissioning,” said Managing Director Hanuma Prasad Modali. “It’s a testament to how responsible mining and rapid execution can coexist.”

Key equipment such as pumps, compressors, and conveyors have been ordered and are expected to arrive onsite within four weeks. A sewerage treatment plant has also been procured to comply with Kyrgyzstan’s environmental regulations. The company is preparing to operationalise the crushing and milling circuit within two months.

“This project is more than just a mining venture — it’s an economic catalyst,” Modali added. “We’ve already employed over 150 local workers and are committed to sustainable growth and long-term partnerships in Kyrgyzstan.”

DGML is also executing an aggressive drilling programme of approximately 5,000 metres to expand the project’s resource base. Exploration results from 2024 have confirmed high-grade mineralisation extending west and beneath the current pit design.

The programme is expected to boost total resources beyond 200,000 ounces of gold, with potential for expanding the open pit and developing a high-grade underground mine, thereby extending the project’s life to over 10 years.

Listed on the BSE, Deccan Gold Mines was established in 2003 and is India’s first and only listed gold exploration company. It holds exploration assets across India and globally, including in Andhra Pradesh, Karnataka, Mozambique, Kyrgyzstan, and Finland.

Deccan Gold Mines Ltd (DGML) announced on Tuesday that its flagship Altyn Tor Gold project in Kyrgyzstan has reached a major construction milestone and is set to commission its crushing and milling circuit in the second half of 2025.Situated in the mineral-rich mountains of Kyrgyzstan, the project is operated by Avelum Partners LLC, in which DGML holds a 60 per cent controlling stake. Once operational, it will be the first Indian-owned gold production facility in Central Asia.“With the ball mill foundation laid and fabrication of key equipment well underway, we remain on schedule for commissioning,” said Managing Director Hanuma Prasad Modali. “It’s a testament to how responsible mining and rapid execution can coexist.”Key equipment such as pumps, compressors, and conveyors have been ordered and are expected to arrive onsite within four weeks. A sewerage treatment plant has also been procured to comply with Kyrgyzstan’s environmental regulations. The company is preparing to operationalise the crushing and milling circuit within two months.“This project is more than just a mining venture — it’s an economic catalyst,” Modali added. “We’ve already employed over 150 local workers and are committed to sustainable growth and long-term partnerships in Kyrgyzstan.”DGML is also executing an aggressive drilling programme of approximately 5,000 metres to expand the project’s resource base. Exploration results from 2024 have confirmed high-grade mineralisation extending west and beneath the current pit design.The programme is expected to boost total resources beyond 200,000 ounces of gold, with potential for expanding the open pit and developing a high-grade underground mine, thereby extending the project’s life to over 10 years.Listed on the BSE, Deccan Gold Mines was established in 2003 and is India’s first and only listed gold exploration company. It holds exploration assets across India and globally, including in Andhra Pradesh, Karnataka, Mozambique, Kyrgyzstan, and Finland.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..