Hindustan Copper is aiming to generate around Rs 2,400 crore revenue over the next 20 years from its recent contract with a JSW Group firm which has been appointed as a mine developer and operator for two blocks in Jharkhand.
JSW Group's South West Mining (SWML) secured a contract on a revenue-sharing basis in January through a competitive bidding process for Rakha copper mining, comprising two blocks - Rakha and Chapri - in Jharkhand, for a period of 20 years, extendable by another 10 years.
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.
