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JSW Group to invest ₹2,600 cr in copper mines, plant in Jharkhand
Financial Express Kochi
|January 28, 2025
THE JSW GROUP has secured the mine developer and operator (MDO) contract for two copper blocks in Jharkhand from Hindustan Copper Limited (HCL), marking its entry into non-ferrous mining.
The $24-billion conglomerate announced on Monday that it has earmarked an investment of ₹2,600 crore for this venture.
As part of the project, JSW Group will oversee the operationalisation of the two mines and the establishment of a copper concentrator plant. Once fully ramped up, the mines will have an ore capacity of 3 MTPA and are expected to become partially operational in the second half of FY27.
This expansion into non-ferrous mining aligns with the group's strategy to diversify and cater to the growing demand for essential metals across high-growth sectors, JSW Group said in a statement.
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