JSW Group announced an investment of Rs 2,600 crore to develop and operate two copper mines, along with establishing a copper concentrator plant in Jharkhand, marking its entry into the copper sector as part of its strategy to diversify and grow its business. “This investment underscores a key step towards bolstering India’s position in securing vital resources,” the company said in a statement.
The move is part of JSW Group’s broader expansion into non-ferrous metals. The company secured a mine operator and developer (MDO) contract from Hindustan Copper Ltd (HCL) to manage two copper mine blocks in Jharkhand. The project will involve the operationalization of both mines and the establishment of a concentrator plant, with an estimated capital outlay of Rs 2,600 crore. Once fully operational, the mines will have a capacity to process three million tonnes of ore per year.
The mines are expected to begin partial operations by the second half of 2026-27. JSW Group won the 20-year contract through a competitive bidding process, with an option to extend for another 10 years. Under the agreement, JSW will oversee the mines’ development and operational management, including the installation of the concentrator plant. In exchange, HCL will offer technical support and receive a share of the revenue.
Parth Jindal from JSW Group highlighted that the growing demand for copper, driven by sectors like electric vehicles, renewable energy, construction, electronics, and healthcare, presents a significant opportunity. “By tapping into domestic copper resources, we aim to reduce India’s reliance on imports and support the country’s industrial growth,” he said.
JSW Group is one of India’s leading conglomerates with diversified interests across core sectors such as steel, energy, cement, infrastructure, and paints. Founded by Sajjan Jindal, JSW has grown into a powerhouse known for its commitment to operational excellence, innovation, and sustainability. The flagship company, JSW Steel, is one of India’s largest steel producers, renowned for its technologically advanced production capabilities and environmental initiatives.
JSW Energy focuses on renewable energy sources, with ambitious targets to expand its clean energy portfolio. JSW Cement has quickly risen as a key player in the cement industry, focusing on eco-friendly production methods. With investments in sports, the Group also owns franchises in cricket, football, and kabaddi, supporting the growth of sports culture in India. Through continuous expansion, modernization, and a commitment to corporate responsibility, JSW Group is shaping India’s industrial landscape and contributing significantly to its infrastructure and economic development.
