Shree Ganesh Jewellery House, Kolkata headquartered gold jewellery maker, proposes to set up two scrap gold refineries at its proposed jewellery making facilities in Mandalpada and Donjur near Kolkata.

The projects are likely to entail a total investment of Rs 90 crore and each refinery will have a capacity of one-two tonne.

The refineries will process scrap gold jewellery collected from the company’s 10 retail shops to produce pure gold. The capacities may be expanded later to process the additional scrap gold expected from a proposed 40 additional shops to be set up in two years.

The company plans to expand its retail presence across all Tier-I and -II cities and has earmarked Rs 50 crore for the exercise.

Shree Ganesh also proposes to expand its manufacturing base in Manikanchan SEZ (West Bengal) with an outlay of Rs 56 crore.