Hindustan Copper has inaugurated a plant at Ghatsila in Jharkhand which would be the first facility in India to produce London Metal Exchange (LME) grade nickel from primary resource. The Singhbhum copper belt has unique ore characteristics which contained appreciable quantity of nickel. The company has installed and commissioned the technology to recover nickel.
At present, the capacity of the plant is 50 MT per annum considering the current production rate from the Surda mines. The nickel output is expected to increase eightfold after the completion of mine expansion projects undertaken at Ghatsila. The annual demand for pure Nickel in India is around 45,000 MT and at present its market is totally dependent on imports.
Hindustan Copper’s principal activities include mining of copper ore, concentration of copper ore into copper concentrate through a beneficiation process and also smelting, refining and extruding of the copper concentrate into refined copper in downstream saleable products.
| Company Name | CMP |
|---|---|
| Hindalco | 1038.95 |
| Vedanta | 787.60 |
| Hindustan Zinc | 592.35 |
| Jain Resource Recycl | 420.90 |
| Gravita India | 1639.80 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: