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JSW Group plans a major copper smelter in Odisha, investing ₹120B to meet India's rising clean energy demand.
The JSW Group plans to build a copper smelter in Odisha with a 500,000-metric-ton capacity by 2028, scaling to 1 million metric tons by 2033, investing around ₹120 billion.
The smelter will use copper concentrate from Peru and Chile, aiming to supply JSW's electric vehicle and battery projects.
This move positions JSW to compete with billionaire Gautam Adani's copper smelter in Gujarat as India aims to double its copper demand by 2030 for clean energy and EV goals.
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JSW Group planea una gran fundición de cobre en Odisha, invirtiendo 120B para satisfacer la creciente demanda de energía limpia en la India.