Download Unicorn Signals App

By EquityPandit

BUSINESS

JSW Group Looking to Invest Rs 2,600 Crore 

This marks the group's entry into the copper business, aligning with its strategy for diversification and growth.

The JSW Group announced on Monday its plan to invest Rs 2,600 crore in developing and operating two copper mines and establishing a copper concentrator plant in Jharkhand. This initiative marks the group’s entry into the copper business, aligning with its strategy for diversification and growth.

The project includes bringing the two mines into operation and constructing a copper concentrator plant, with a total estimated investment of Rs 2,600 crore. Once fully operational, the mines will have a production capacity of 3 MTPA. Partial operations are expected to commence in the second half of the 2026-27 financial year (H2 FY27).

In its regulatory filing, the company said, “This strategic move marks JSW Group’s entry into the mining of non-ferrous metal sector, in keeping with its vision to diversify and meet the increasing demand for essential metals across high-growth sectors.”

The company added, “The JSW Group secured the MDO contract through a competitive bidding process of the copper mines of HCL for 20 Years and further extendable for next 10 years.”

As per the agreement, JSW will oversee the development of the mines, including capital investment and operational management, as well as the installation of a concentrator plant with the same capacity. In exchange, Hindustan Copper Limited (HCL) will offer technical support and receive a share of the revenue generated from the project.

Parth Jindal of JSW Group said, “Venturing into non-ferrous metals, particularly copper, is a strategic move for the JSW Group. The increasing demand for copper in sectors such as electric vehicles (EVs), renewable energy infrastructure, construction, electronics, telecommunications and healthcare presents a significant opportunity. India is currently a major importer of copper concentrate; therefore, by developing domestic copper resources, we aim to support the country’s industrial growth and reduce dependency on imports.”

JSW Group’s foray into copper mining highlights its dedication to driving India’s industrial progress and fostering self-sufficiency in essential resources. By tapping into domestic copper reserves, the company aims to bolster the country’s infrastructure growth and technological innovation and shift toward sustainable energy solutions.

Headquartered in Mumbai, JSW Group has an extensive footprint spanning industries such as steel, energy, cement, infrastructure, paints, automobiles, defence, mining, venture capital, and sports.

Feeling overwhelmed by the markets? Let Unicorn Signals be your guide. Our user-friendly app simplifies complex data and provides actionable trading signals. Download the app today and trade with confidence!

Get Daily Prediction & Stocks Tips On Your Mobile


I would like to receive communication from EquityPandit via sms, email, whatsapp, Google RCS for offers, updates etc.
Latest
IPO
Weekly
Outlook

Stock
Market
Prediction