JSW Group Ventures into Copper Mining with Jharkhand Blocks
28 Jan 2025
2 Min Read
CW Team
The JSW Group, led by Sajjan Jindal, is entering copper mining with a Rs 26 billion investment, marking its expansion into a sector critical to new energy and technology developments. The group has secured two copper mine blocks in Jharkhand from Hindustan Copper through a 20-year Mine Operator and Developer contract, extendable by another 10 years.
The mines are expected to be partially operational by the second half of FY 2026-27 and will have an annual ore capacity of 3 million tonnes once fully ramped up. Additionally, the group plans to establish a copper concentrator plant to support its operations.
Copper has garnered renewed interest in recent years due to its essential role in energy and technology advancements. Other major players in the copper industry include the Adani Group, which is venturing into copper smelting, and the Aditya Birla Group, which operates the world鈥檚 largest single-location copper smelter and is expanding its capacity. The Vedanta Group also owns a copper smelter in Tamil Nadu, although it has faced operational challenges due to environmental concerns.
JSW, primarily known for its steel production, also has a presence in energy, ports, real estate, cement, paints, and automobiles. Under the partnership, Hindustan Copper will provide technical support and receive a share of the revenue, while JSW will oversee the development and operations of the mines.
This move solidifies JSW's commitment to diversifying its portfolio and supporting India鈥檚 growing demand for critical minerals in the energy and technology sectors.
(ET)
The JSW Group, led by Sajjan Jindal, is entering copper mining with a Rs 26 billion investment, marking its expansion into a sector critical to new energy and technology developments. The group has secured two copper mine blocks in Jharkhand from Hindustan Copper through a 20-year Mine Operator and Developer contract, extendable by another 10 years.The mines are expected to be partially operational by the second half of FY 2026-27 and will have an annual ore capacity of 3 million tonnes once fully ramped up. Additionally, the group plans to establish a copper concentrator plant to support its operations.Copper has garnered renewed interest in recent years due to its essential role in energy and technology advancements. Other major players in the copper industry include the Adani Group, which is venturing into copper smelting, and the Aditya Birla Group, which operates the world鈥檚 largest single-location copper smelter and is expanding its capacity. The Vedanta Group also owns a copper smelter in Tamil Nadu, although it has faced operational challenges due to environmental concerns.JSW, primarily known for its steel production, also has a presence in energy, ports, real estate, cement, paints, and automobiles. Under the partnership, Hindustan Copper will provide technical support and receive a share of the revenue, while JSW will oversee the development and operations of the mines.This move solidifies JSW's commitment to diversifying its portfolio and supporting India鈥檚 growing demand for critical minerals in the energy and technology sectors.(ET)
Next Story
Mumbai-Ahmedabad Bullet Train Set to Launch by 2028
India鈥檚 first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India鈥檚 infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..
Next Story
Mumbai-Gandhinagar Train Service Enhances Passenger Capacity
The Mumbai Central鈥揋andhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India鈥檚 busiest business corridors. This upgrade, effective from 11 May, raised the train鈥檚 seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai鈥揂hmedabad鈥揋andhinagar route, which regularly operates at over 150 percent seat occupancy...
Next Story
Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently
Delhi鈥檚 ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river鈥檚 health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..
