Hindalco Industries and JSW Steel compete for two copper mines in Jharkhand, India, set for auction in October.

Hindalco Industries and JSW Steel are competing to acquire two copper mines in Jharkhand, India, owned by state-run Hindustan Copper Ltd, which are set for auction in October. The mines have a combined capacity of 3 million tonnes per year. This move supports India's aim to enhance domestic copper production and lessen import reliance. Hindustan Copper is also expanding its overall production capacity to 12.2 million tonnes annually.

October 06, 2024
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