Godawari Power Lends ₹300 Million To Deccan Gold Mines For Overseas Projects

Godawari Power & Ispat Ltd. has extended an additional inter-corporate loan of ₹300 million to Deccan Gold Mines at 12% annual interest for 36 months. Half the funds will go towards acquiring 93,750 shares in Geomysore Services at ₹1,600 each. The remainder will be used to develop the Altyn gold project in Kyrgyzstan and for general corporate purposes.

Promoter group Hira Infra-tek holds nearly 10% in both Deccan Gold and Kyrgyz-based Avellum Partner LLC.