JSW Group Expands into Copper Mining with INR ₹2,600 Crore Investment

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"Venturing into non-ferrous metals, particularly copper, is a strategic move for JSW. 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." - Parth Jindal, Managing Director, JSW Group.

January 2025 : JSW Group has made a significant foray into the non-ferrous metals sector by securing the Mine Operator & Developer (MDO) contract for two copper mines in Jharkhand from Hindustan Copper Limited (HCL).

The project entails operationalizing the mines and establishing a copper concentrator plant with a total investment of INR ₹2,600 Crores. Once fully ramped up, the mines will have an annual capacity of 3 million tonnes per annum (MTPA) and are expected to commence operations in H2 FY27 (2026-27).

This strategic move marks JSW Group’s entry into the mining of non-ferrous metals, aligning with its vision to diversify and support the rising demand for essential metals across key sectors.

Secured through a competitive bidding process, the MDO contract spans 20 years, with an option for a 10-year extension. Under this agreement, JSW will be responsible for mine development, capital investment, and installation of a copper concentrator of equivalent capacity. HCL will provide technical support and receive a share of the revenue generated.

Mr. Parth Jindal, JSW Group, commented, "Venturing into non-ferrous metals, particularly copper, is a strategic move for JSW. 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 expansion into copper mining reaffirms its commitment to self-reliance in critical resources, supporting India’s industrial and infrastructure development while advancing sustainable energy solutions.

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