<p>New Delhi: <a href="https://www.deccanherald.com/tags/jsw">JSW</a> Group on Monday said it will invest Rs 2,600 crore to develop and operate two copper mines and set up a copper concentrator plant in Jharkhand.</p>.<p>The development marks JSW Group's foray into the copper business as part of its commitment to diversification and growth.</p>.<p>"With a planned investment of Rs 2,600 crore, this marks a significant milestone in strengthening India’s position in critical resources," it said in a statement.</p>.<p>JSW Group said it has made a significant expansion into the mining of non- ferrous metals by winning the mine operator and developer (MDO) contract of two blocks of copper mines in Jharkhand from state-owned Hindustan Copper Ltd (HCL).</p>.<p>"The project involves operationalising the two mines and setting up of a copper concentrator plant, with the total capital investment estimated to be Rs 2,600 crore," it said.</p>.<p>On full-scale ramp up, the mines will have an ore capacity of three million tonne per annum (MTPA).</p>.<p>The mines are likely to become part operational in the second half of 2026-27.</p>.JSW to invest in Maharashtra’s Steel City.<p>JSW Group secured the contract through a competitive bidding process of the copper mines of HCL for 20 years and further extendable for next 10 years.</p>.<p>Under the terms of the agreement, JSW will be responsible for the development of mines through capital expenditure and operational management including installation of concentrator plant of same capacity.</p>.<p>In return, HCL will provide technical support and receive a percentage of the revenue generated.</p>.<p>"The increasing demand for copper in sectors such as electric vehicles, 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," Parth Jindal of JSW Group said.</p>.<p>With its headquarters in Mumbai, JSW Group has a significant presence across steel, energy, cement, infrastructure, paints, automobiles, defence, mining, venture capital and sports.</p>
<p>New Delhi: <a href="https://www.deccanherald.com/tags/jsw">JSW</a> Group on Monday said it will invest Rs 2,600 crore to develop and operate two copper mines and set up a copper concentrator plant in Jharkhand.</p>.<p>The development marks JSW Group's foray into the copper business as part of its commitment to diversification and growth.</p>.<p>"With a planned investment of Rs 2,600 crore, this marks a significant milestone in strengthening India’s position in critical resources," it said in a statement.</p>.<p>JSW Group said it has made a significant expansion into the mining of non- ferrous metals by winning the mine operator and developer (MDO) contract of two blocks of copper mines in Jharkhand from state-owned Hindustan Copper Ltd (HCL).</p>.<p>"The project involves operationalising the two mines and setting up of a copper concentrator plant, with the total capital investment estimated to be Rs 2,600 crore," it said.</p>.<p>On full-scale ramp up, the mines will have an ore capacity of three million tonne per annum (MTPA).</p>.<p>The mines are likely to become part operational in the second half of 2026-27.</p>.JSW to invest in Maharashtra’s Steel City.<p>JSW Group secured the contract through a competitive bidding process of the copper mines of HCL for 20 years and further extendable for next 10 years.</p>.<p>Under the terms of the agreement, JSW will be responsible for the development of mines through capital expenditure and operational management including installation of concentrator plant of same capacity.</p>.<p>In return, HCL will provide technical support and receive a percentage of the revenue generated.</p>.<p>"The increasing demand for copper in sectors such as electric vehicles, 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," Parth Jindal of JSW Group said.</p>.<p>With its headquarters in Mumbai, JSW Group has a significant presence across steel, energy, cement, infrastructure, paints, automobiles, defence, mining, venture capital and sports.</p>