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Deccan Gold Mines stock surges on proposed overseas tungsten acquisition
Deccan Gold Mines shares hit the upper circuit after the company disclosed plans to acquire a tungsten project in Spain, signaling portfolio diversification and increased exposure to critical minerals with rising global demand.
Shares of Deccan Gold Mines Ltd locked in a 20 percent upper circuit after the company announced plans to acquire a tungsten mining project in Spain. The proposed acquisition is aimed at diversifying the company’s mineral portfolio beyond gold and strengthening its presence in critical minerals. The development boosted investor sentiment amid growing global demand for strategic metals used in advanced manufacturing.