BGML History

On 29th November 1956

Mysore State has promulgated “The Kolar Gold Mining Undertakings (Acquisition) Act 1956” (Mysore Act 22 of 1956) and acquired Kolar Gold Mines

On 1st December 1962

The Central Govt. purchased movable and immovable properties, mining and other operations, assets and liabilities from Government of Mysore

The Central Government took over the assets with effect from 1st December 1962 However the sale deed executed on 23rd January 1969

On 22nd March 1972

The Central Government formed a company named Bharat Gold Mines Limited and company was incorporated under the Companies Act, 1956.

On 1st April 1972

The Central Government has sold the entire assets and liabilities