Malabar Gold & Diamonds Will Begin Building A Manufacturing Facility In Telangana

16 OCT 2022

The manufacturing plant, which spans 3.7 acres and is located at General Park, Maheshwaram in Rangareddy District, is set to open shortly. It would be able to produce 10 tonnes of gold jewellery and 1.5 lakh carats of diamond jewellery every year.

It will also contain a cutting-edge gold refinery with a capacity of 180 tonnes of gold refining per year. The plant will produce a wide range of jewellery, including gold, diamonds, valuable gemstones, platinum, and uncut diamonds.

In conjunction with industry specialists from Italy, the United States, and Germany, the facility is outfitted with CNC machining, cutting-edge technology-enabled chain-making equipment, and laser cut machines.

The facility's construction is in keeping with the company's previously declared expansion plans for fiscal year 2022-23.

The General Park manufacturing complex, which will be developed on 2.3 lakh square feet of land, would include a full-fledged skill development centre, design studio, and R&D centre, as well as staff housing. It will also have an automated warehouse.

The site will feature 33% green area and will conform to ecologically friendly standards, with an emphasis on reducing carbon footprint. Malabar Gold & Diamonds would invest Rs 750 crore in Telangana to build a manufacturing facility and a refinery.

he facility is estimated to provide around 2750 jobs.