Project involves operationalising the two mines and setting up a copper concentrator plant

The JSW Group said on Monday that it has forayed into non-ferrous mining and will invest Rs 2,600 crore in two copper mines in Jharkhand. The USD 24 billion conglomerate won a Mine Operator and Developer (MDO) contract for the two blocks of copper mines in Jharkhand from Hindustan Copper Ltd through competitive bidding.

"JSW Group, one of India's fastest-growing conglomerates, has made a significant expansion into the mining of non-ferrous metals sector by winning the MDO contract of two blocks of copper mines in Jharkhand from the state-owned Hindustan Copper Limited (HCL)," the company said in a statement.

The project involves operationalising the two mines and setting up a copper concentrator plant, with the total capital investment estimated to be Rs 2,600 crore. "On full-scale ramp-up, the mines will have an ore capacity of 3 MTPA (million tonnes per annum). The mines are expected to become partly operational in the second half of the financial year 2026-27 (H2 FY'27)," the company statement said.