JSW Group Ventures into Copper Mining with Jharkhand Blocks
COAL & MINING

JSW Group Ventures into Copper Mining with Jharkhand Blocks

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)

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)

Next Story
Equipment

Wilo Pumps Boost Efficiency in India’s Metro Stations and Airports

As India’s metro stations and airports handle millions of passengers daily, ensuring seamless operations is critical. One key factor in keeping these transport hubs running smoothly is pump technology. Wilo, a global leader in pump solutions, plays a vital role in water supply, drainage, fire safety, HVAC, and wastewater management in these high-traffic facilities.Metro stations and airports require a steady water supply for drinking, restrooms, cleaning, comfort cooling and fire fighting. Wilo pumps provide reliable water flow, ensuring uninterrupted service even during peak hours. Addition..

Next Story
Products

VEKA Acquires 100% Control of uPVC Business in JV NCL VEKA

VEKA Germany, a global leader in the uPVC profile industry, has successfully acquired 100% ownership of the Company, marking VEKA’s unwavering commitment to the Indian market and its confidence in India’s rapidly expanding construction, real estate, and infrastructure sectors. With VEKA now holding 100% control, following a takeover of the remaining 50% stake previously held by NCL and other shareholders.Since its launch in 2009, the company has become India’s largest producer of uPVC profiles for doors and windows. VEKA holds largest market share across 130 cities, with a strong product..

Next Story
Infrastructure Transport

Titagarh Rail Systems Wins Adani Cement Order for 16 Wagon Rakes

Titagarh Rail Systems Limited (TRSL), a leading Indian rolling stock manufacturer, has been awarded a significant contract from Ambuja Cements Limited and ACC Limited, part of Adani Cement. The order, valued at approximately Rs 537.11 crore, includes the manufacture and supply of 16 BCFCM (Bogie Covered Fly Ash/Cement Wagon) rake wagons with BVCM (Bogie Brake Van Type) wagons, further reinforcing TRSL’s leadership in the freight rolling stock sector.The contract underscores TRSL’s expertise in designing and manufacturing specialised freight wagons for bulk transportation. The BCFCM and BVC..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?