Hindustan Copper is planning to achieve a turnover of Rs 10,000 crore by financial year 2023-24 through capacity expansion. Earlier this month, the company had also announced its plans to spend Rs 5,500 crore to expand its production capacity by six times from 3.6 million tonne per annum (mtpa) at present to 20 mtpa by FY24.
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.