JSW Group to Develop Two Copper Mines With an Investment of ₹2600 Crore

Founded by Sajjan Jindal in 1982, JSW Group is one of India’s most prominent conglomerates, with a diversified portfolio spanning steel, energy, infrastructure, cement, and paints. Headquartered in Mumbai, the group has established a global footprint, renowned for its commitment to innovation and sustainability.

Secured the Contract Worth of ₹2,600 crore

JSW Group has secured the prestigious Mine Developer and Operator (MDO) contract for two copper blocks in Jharkhand from Hindustan Copper Limited (HCL). The $24-billion conglomerate announced on January 27, 2025, its plans to invest a substantial ₹2,600 crore in the project.

As part of this ambitious venture, JSW Group will oversee the operationalisation of the two copper mines and the establishment of a state-of-the-art copper concentrator plant. Upon full ramp-up, the mines are projected to have an ore capacity of 3 million tonnes per annum (MTPA) and are expected to commence partial operations in the latter half of FY27.

Partnership With Hindustan Copper

JSW has secured a 20-year Mine Developer and Operator (MDO) contract, extendable by 10 years, to develop copper mines in partnership with Hindustan Copper Limited (HCL). JSW will oversee mine development, capital investments, and the installation of a concentrator plant, while Hindustan Copper will provide technical support.

Parth Jindal highlighted copper’s strategic importance for EVs, renewable energy, construction, and electronics, emphasizing the venture’s role in reducing India’s reliance on copper imports and driving industrial growth.

Signed MoU with Maharashtra Government

JSW Group’s foray into copper mining reflects its growth-focused vision. Strengthening its presence across key sectors, the group recently signed an MoU with the Maharashtra government to invest ₹3 lakh crore in steel, renewable energy, EVs, infrastructure, and cement. 

Additionally, it announced a ₹30,000 crore capex plan for FY25-FY30 to expand JSW Infrastructure’s cargo handling capacity to 400 MTPA through brownfield, greenfield projects, and integrated logistics solutions.

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