Hindustan Copper is reportedly looking to invest around Rs 5,000 crore over the next four years as it makes a strategic shift to value-added products and ramps up mine capacity three-fold. As part of the plan, the country’s only integrated copper producer is awaiting CCEA approval for setting up a Rs 3,025-crore plant to manufacture copper carhodes using advanced hydro metallurgy technology.
The company had earlier signed a Memorandum of Understanding (MoU) with Mishra Dhatu Nigam (MIDHANI), a CPSE under the Ministry of Defence on July 22, 2017. The MoU was for a joint collaboration in area of production of Copper-Nickel tubes and related items.
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.
