Golkunda Diamonds Expands Operations, Commencing Domestic Manufacturing in Mumbai
Golkunda Diamonds & Jewellery Ltd has commenced operations at a new manufacturing facility dedicated to catering to the domestic jewellery market, marking a significant strategic expansion following decades of expertise in export operations. The transition allows the company to diversify its revenue streams and strengthen its foothold in the Indian jewellery sector.The commencement of these domestic activities is set at 9B, Mahal Industrial Estate, Mahakali Caves Road, Andheri East, Mumbai, effective August 3, 2026. This move shifts the focus beyond its long-standing international engagement, providing a new dimension to the company's growth trajectory.
For over forty years, Golkunda Diamonds has operated through two manufacturing units in SEEPZ, Mumbai, exclusively engaging in export operations. The addition of this domestic facility expands the company’s manufacturing capabilities considerably, allowing it to meet the needs of leading retailers and organized jewellery sellers across major cities in India.
The new facility is strategically positioned to enhance long-term value creation for stakeholders by reducing dependence on international markets while building a stronger presence within the Indian market. The products manufactured at this site will include rings, earrings, pendants, necklaces, bangles, bracelets, covering diamond, gold, gemstone, jadau, and lab-grown diamond jewellery.
Key details regarding the new manufacturing plant are summarized below:
| Particulars | Details |
|---|---|
| Total Investment (CapEx) for new plant | Approximately ₹12.00 Crores |
| Plant Location | 9B, Mahal Industrial Estate, Mahakali Caves Road, Andheri (East), Mumbai - 400093, Maharashtra |
| Total Area | 5,360 sq. ft. |
| Capacity of New Plant | 125-150 kg of jewellery per annum |
Upon the commencement of operations, the company's overall manufacturing capacity is expected to increase by approximately 50-60%. This expansion directly supports the company’s strategic plan and aims to contribute positively to its operational and financial performance in the coming years.
Stock Price Movement
As of 15:28, Golkunda Diamonds & Jewellery Ltd is soaring, currently trading at ₹280.00 after its shares climb by 18.04%. The stock has moved through a wide intraday range, trading between a low of ₹240.45 and an intra-day high of ₹280.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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