Lloyds Enterprises to acquire a 31.58% stake in GMSI
Lloyds Enterprises to invest ₹140 crore to acquire a 31.58% stake in Geomysore Services India (GMSI). GMSI is developing Jonnagiri Gold Mine Project in Andhra Pradesh, India's first post-independence gold mine. With all clearances and 13.1 ton JORC-certified gold resources, commercial production is expected this quarter, with peak annual production of 1,000 kg of refined gold.