Ahead of its 4,000-crore follow-on public offer (FPO), which is likely this month, state owned Hindustan Copper is on an expansion drive and will more than double the capacity of its Madhya Pradesh mine to 5 million tonne. Hindustan Copper proposes to engage reputed contractors for development of Malanjkhand underground mine for a production capacity of five million tonne per annum (MTPA). The expansion of Malanjkhand mine is a part of the company’s plan to enhance its production capacity from current level 3.15 MTPA to 12.5 MTPA over the next five to seven years. Besides Malanjkhand mines, the company will also augment the capacity of Khetri copper complex mines in Rajasthan to 3 MTPA from 1 MTPA.crackcrack
