JSW gets a copper lining to metals biz

The Sajjan Jindal-led JSW Group has added copper to its metals business, marking its entry into the non-ferrous metals industry and opening up doors to a vast range of consumer applications, including electronics, telecommunications and healthcare.

- Alisha Sachdev

The company has won a bid to secure two copper mines in Jharkhand from state-owned Hindustan Copper, two people with direct knowledge of the matter said on condition of anonymity.

The company won the bid against Hindalco Industries with a competitive revenue-sharing offer, the people cited above said. Under the agreement, JSW will develop the mines, handle capital expenditure, and manage operations. In turn, Hindustan Copper will provide technical support and receive a percentage of the revenue generated from the mines.