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The JSW Group, whose flagship company JSW Steel is India’s largest producer of the primary infrastructure alloy, is foraying into copper mining with an investment of INR 2,600 crore.
The group has won two blocks of copper mines in Jharkhand from state-owned Hindustan Copper, and these are expected to be partly operational in the second half of 2026-27 (April-March). Once fully ramped up, the mines will have an ore capacity of three million tonne per annum. The group will also be setting up a copper concentrator plant.
Copper has been seeing renewed interest in the last few years, given its criticality in new energy and technology developments.
The Adani Group, too, is foraying into copper smelting. The Aditya Birla Group, which owns the world’s largest copper smelter in a single location, is also expanding capacity. The Vedanta Group also owns a copper smelter on the Tamil Nadu coast, although it has remained inoperative due to environmental challenges.
The JSW Group, though, will be the first in the private sector space to foray into the mining of copper. “Venturing into non-ferrous metals, particularly copper, is a strategic move for the JSW Group,” said Parth Jindal, the managing director of the paints and cement business of the group. “The increasing demand for copper in sectors such as electric vehicles (EVs), renewable energy infrastructure, construction, electronics, telecommunications and healthcare presents a significant opportunity,” he said.
Apart from steel, the group has a presence in energy, ports, real estate, cement, paints and automobiles.
The Sajjan Jindal-helmed group has won the Mine Operator and Developer contract for the two blocks through bidding for a period of 20 years, and this can be further extended by another 10 years.
While the JSW Group will be responsible for the development and operational management, Hindustan Copper will provide technical support to the group and receive a percentage of the revenue generated.
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The group has won two blocks of copper mines in Jharkhand from state-owned Hindustan Copper, and these are expected to be partly operational in the second half of 2026-27 (April-March). Once fully ramped up, the mines will have an ore capacity of three million tonne per annum. The group will also be setting up a copper concentrator plant.
- Updated On Jan 28, 2025 at 11:21 AM IST
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The JSW Group, whose flagship company JSW Steel is India’s largest producer of the primary infrastructure alloy, is foraying into copper mining with an investment of INR 2,600 crore.
The group has won two blocks of copper mines in Jharkhand from state-owned Hindustan Copper, and these are expected to be partly operational in the second half of 2026-27 (April-March). Once fully ramped up, the mines will have an ore capacity of three million tonne per annum. The group will also be setting up a copper concentrator plant.
Copper has been seeing renewed interest in the last few years, given its criticality in new energy and technology developments.
The Adani Group, too, is foraying into copper smelting. The Aditya Birla Group, which owns the world’s largest copper smelter in a single location, is also expanding capacity. The Vedanta Group also owns a copper smelter on the Tamil Nadu coast, although it has remained inoperative due to environmental challenges.
The JSW Group, though, will be the first in the private sector space to foray into the mining of copper. “Venturing into non-ferrous metals, particularly copper, is a strategic move for the JSW Group,” said Parth Jindal, the managing director of the paints and cement business of the group. “The increasing demand for copper in sectors such as electric vehicles (EVs), renewable energy infrastructure, construction, electronics, telecommunications and healthcare presents a significant opportunity,” he said.Apart from steel, the group has a presence in energy, ports, real estate, cement, paints and automobiles.
The Sajjan Jindal-helmed group has won the Mine Operator and Developer contract for the two blocks through bidding for a period of 20 years, and this can be further extended by another 10 years.
While the JSW Group will be responsible for the development and operational management, Hindustan Copper will provide technical support to the group and receive a percentage of the revenue generated.
- Published On Jan 28, 2025 at 11:20 AM IST