Industrial Automation Magazine India

Malabar Gold & Diamonds invests Rs 750 Cr in gold refinery & jewellery manufacturing facility in Telangana

Published on : Tuesday 18-10-2022

The groups largest manufacturing facility produces 10 tonnes of gold jewellery and 1.5 lakh carats of diamond jewellery annually.

November 2022 – Malabar Gold & Diamonds, one of the largest gold and diamond retail chains in the country, launched the construction of Malabar Gems & Jewellery Manufacturing unit in Telangana with a foundation stone laying ceremony. The facility is set to become the largest jewellery manufacturing unit of the group. Shri K T Rama Rao, Hon'ble Minister of Municipal Administration and Urban Development, Industries, IT, Electronics and Communication, Govt. of Telangana laid the foundation stone of the manufacturing facility on October 15, 2022.

The ceremony took place in the august presence of Shri Jayesh Ranjan, IAS, Principal Secretary, Industries, Commerce & Information Technology (IT), Govt. of Telangana and Shri. Ahammed M P, Chairman, Malabar Group of Companies, Shri. Abdul Salam KP, Vice Chairman, Malabar Group of Companies, Shri. O Asher, Managing Director, India Operations, Malabar Gold & Diamonds, Shri. Nishad AK, Group Executive Director, Manufacturing & B2B, Malabar Group of Companies. Shri. P.K. Siraj, Retail Operations Head (Rest of India), Malabar Gold & Diamonds and other distinguished guests.

Located at General Park, Maheshwaram in Rangareddy District and spread over 3.7 acre, the manufacturing facility is slated to be operational soon. It will have the capacity to manufacture 10 tonnes gold jewellery and 1.5 lakh carats of diamond jewellery annually. It will also house a state-of-the-art gold refinery facility with an annual gold refining capacity of 180 tonnes. The manufacturing facility will manufacture a diverse range of jewellery including gold, diamonds, precious gemstones, platinum and uncut diamonds. The facility is equipped with CNC machining, latest technology-enabled chain making machines and laser cut machines in collaboration with industry experts from Italy, USA & Germany. The establishment of the facility is in line with the expansion plan announced earlier as part of its FY 2022-23 strategy.

Commenting on the foundation stone laying ceremony, Malabar Group Chairman Ahammed MP said, "The soon-to-be operational manufacturing unit in Telangana will further strengthen our manufacturing capabilities apart from our retail expansion drive. We are grateful to the Government of Telangana for extending all possible support in quick succession to help us set up the manufacturing unit in Maheshwaram. We are also thankful for their august presence during the foundation stone laying ceremony. We have a major investment plan lined up for the state. The manufacturing unit in the state will further bolster our mission – ‘Make in India, Market to the World’."