JSW Group Wins Copper Mine Contract to Invest Rs 26 Bn
COAL & MINING

JSW Group Wins Copper Mine Contract to Invest Rs 26 Bn

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

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

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code