Mumbai, June 15, 2026, 18:38 IST
- Deccan Gold Mines hit a fresh record high as the Supreme Court put out an order strengthening the legal standing of mining lease applicants who filed before 2015.
- The stock closed higher, but statutory clearances are still required before mining operations can begin under the ruling.
Deccan Gold Mines surged Monday after the Supreme Court sided with mining lease applicants whose decisions were taken before India’s 2015 mining law update. The move pushed Deccan Gold to record highs. Shares closed at ₹193.05 on the BSE, up 17.79%. The stock touched ₹196.65 earlier in the session. On the NSE, shares were last at ₹192.61, up 17.62%. Market value was close to ₹3,820 crore, according to Business Standard’s market data. Business Standard
Supreme Court move lifts stocks; Deccan Gold Mines looks at Ganajur order Markets climbed after the Supreme Court said on June 9 that pre-2015 mining lease rights aren’t just pending applications under the changed 2015 Mines and Minerals (Development and Regulation) Act. ScanX reported Deccan Gold Mines is now reviewing what the ruling could mean for its Ganajur project in Karnataka. Scanx
Ganajur is again in the spotlight as one of Deccan Gold’s stuck projects. The Economic Times reported the company lists about 3.08 lakh ounces of gold resources there. The same report said Deccan Exploration Services, a Deccan Gold subsidiary, had applied for permits before mining rights were switched to the auction route. The Economic Times
Investors kept buying, with recent technical signals boosting the action. MarketsMojo noted during the session the stock held above important moving averages and kept beating the Sensex. That performance tends to bring in short-term buyers, especially after a legal update settled questions around a major project. MarketsMojo
Ganajur isn’t about to start producing gold just because of the rise. Statutory approvals are still missing after the Supreme Court decision, ScanX said, so actual work can’t kick off yet. Those approvals cover mining plans, environmental clearances, or forest permits where needed. So even with the legal win, there’s still execution risk hanging over the project. Scanx
Investors are waiting for Deccan Gold Mines’ next update on Ganajur, which is likely to act as the stock’s main driver. Focus will be on what the company says about the effects of the court ruling and regulatory clearances. For now, the recent rally in the shares shows investors are rethinking legal risk, rather than reacting to any firm change in production timing or cash flows.
