JSW Group Ventures into Copper Mining with Jharkhand Blocks

28 Jan 2025 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’s 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’s growing demand for critical minerals in the energy and technology sectors.

(ET)

Infrastructure Energy

19 Sep 2025

Oil India Charts Growth With Record Output And Green Push

Oil India Limited (OIL), a Maharatna CPSE, held its 66th Annual General Meeting where Chairman and Managing Director Dr Ranjit Rath reaffirmed the company’s commitment to building a resilient, diversified, and sustainable energy future for India. The strategy aligns with national priorities of Atmanirbhar Bharat and Viksit Bharat as the country works towards achieving energy independence by 2047.Highlighting a milestone achievement, Dr Rath noted the inauguration of the world’s first bamboo-based 2G Bio Ethanol Plant at Numaligarh, Assam, by the Prime Minister on 14 September 2025. The pro..

Sterling Opens Second Resort In Guruvayur

Sterling Holiday Resorts has announced the launch of Sterling Darshan Guruvayur, its second property in the sacred temple town of Guruvayur. With this addition, Sterling becomes the national brand with the largest number of keys in Guruvayur, offering pilgrims and travellers a wider choice of stays while maintaining its signature warmth and hospitality.Located just steps away from the 5,000-year-old Sri Krishna Temple, the new resort has been designed as a tranquil retreat for pilgrims, families, and cultural explorers. It features 30 rooms, authentic Kerala dining at Annapoorani Restaurant, a..

Dhruva Capital To Merge With Vector Finance

Dhruva Capital Services Limited, a non-banking financial company (NBFC) engaged in investment and financing, has announced a strategic merger with Vector Finance Private Limited, marking its foray into the microfinance business. Currently, Dhruva offers business loans, loans against property, vehicle and equipment finance, invoice discounting, and construction finance.The board of Dhruva Capital has approved the merger, which will be subject to approvals from the National Company Law Tribunal and other competent authorities, along with shareholder and creditor consent.Vector Finance, with Asse..