Deccan Gold Mines Secures ₹40 Cr Debt Funding from Godawari Power

Deccan Gold Mines Ltd has completed documentation for a debt funding of Rs. 40 Crore from Godawari Power & Ispat Limited. The funds will be utilized primarily for the development of the Altyn Tor Gold Project in the Kyrgyz Republic, a subsidiary of Deccan Gold, and for other project development, working capital, and general administrative purposes. The loan has a tenure of 12 months with an interest rate of 12% per annum, payable quarterly. Security for the loan includes the pledge of 5,00,000 equity shares held by Deccan Gold in Geomysore Services (India) Private Limited.