JSW Group Wins Copper Mine Contract to Invest Rs 26 Bn

29 Jan 2025 CW Team

Hindustan Copper has awarded a contract for the establishment and operation of a copper concentration plant. The JSW Group will invest Rs 26 billion in the project, marking a strategic move into the non-ferrous metals mining sector. The two mines involved in the project are expected to commence operations in the second half of FY27.

In addition, the JSW Group has committed to investing Rs 3 trillion in Maharashtra, as part of a broader initiative to foster industrial growth and sustainable development. This investment, which spans sectors such as steel, renewable energy, electric vehicles (EVs), battery manufacturing, and cement, was announced at the World Economic Forum (WEF) in Davos on January 21, 2025. The Government of Maharashtra will support the initiative by fast-tracking clearances, providing fiscal incentives, and ensuring access to critical resources, including land, water, and power.

News source: CNBC TV18

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