February 15, 2025
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JSW Group to Invest ₹26 Billion in Copper Mining Venture in Jharkhand

India’s JSW Group, led by billionaire Sajjan Jindal, has announced a ₹26 billion ($301.2 million) investment to establish operations at two copper mines in Jharkhand. The group secured the mines from Hindustan Copper for a 20-year lease, with an option to extend the term by another decade. This marks JSW’s strategic entry into the non-ferrous metals sector.

The mines, located in the mineral-rich eastern state, are projected to produce 3 million tonnes of copper ore annually (MTPA) once fully operational. According to the company, partial operations are expected to commence in the second half of the 2027 fiscal year, bolstering India’s copper production capabilities.

JSW Group’s move into copper mining aligns with its diversification strategy, adding to its established steel and power businesses. The expansion is expected to strengthen the domestic supply chain for copper, a critical metal for industries such as electronics, renewable energy, and construction.

Pic Courtesy: google/ images are subject to copyright

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