Hindustan Copper is executing its expansion projects to ramp up the production capacity of its mines to 12.2 million tonnes per annum in the first phase. The capacity expansion is expected to give a fillip to the domestic production of copper and reduce country's dependence on imports.
The company later plans to increase its production capacity to 20.2 million tonnes per annum, Shukla said while addressing shareholders at the 55th annual general meeting of the company through video conferencing. The proposed expansion of Malanjkhand Copper Project (MCP), MP will augment the ore production capacity from 2 million tonnes per annum (MTPA) to 5 MTPA by developing an underground mine below the existing open pit whose life is at its fag end. The proposed expansion of mines at western sector, which includes Khetri, Kolihan and Banwas mines in Rajasthan, will increase ore production capacity from existing 1 MTPA to 3 MTPA.
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 | 634.40 |
Vedanta | 414.35 |
Hindustan Zinc | 571.75 |
Gravita India | 905.95 |
Ram Ratna Wires | 388.50 |
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