State-run Hindustan Copper has received government approval for the investment proposal of Hindustan Copper for Rs 1,856.36 crore to develop an underground copper ore mine of five million tonne per annum capacity.
The project will be executed by Engineering Procurement and Construction (EPC) contractor and is expected to take five years for completion. After completion of the project, Malanjkhand will be the biggest underground mine in the country. The project has 141 million tonne extractable copper reserves, which is more than 70% of the known reserves in the country.
The project will be totally funded by Hindustan Copper and no budgetary support would be taken from the government.
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 | 705.50 |
Vedanta | 454.00 |
Hindustan Zinc | 711.75 |
Gravita India | 1119.30 |
Ram Ratna Wires | 367.10 |
View more.. |