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Godawari Power & Ispat (GPIL) is boosting its stake in Deccan Gold Mines (DGML), India's first listed gold mining company. GPIL will act as a specific investor in DGML's rights issue, ensuring at least 90% subscription by picking up unsubscribed shares at Rs 80 each. This strategic move aims to increase GPIL's holding, up to 25% of DGML's post-issue capital, as management sees it as value-accretive. DGML, active in gold and critical minerals exploration across several countries, offers GPIL exposure to a long-term growth opportunity in the mining sector.