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HCL to Double Copper Output by 2030
18 Jul
Summary
- Malanjkhand project capacity to reach 5 million tonnes by 2030.
- Overall production capacity to hit 12.2 million tonnes by 2030.
- Expansion driven by global copper demand outpacing supply.
Hindustan Copper Limited (HCL) is embarking on a major expansion, aiming to double the capacity of its Malanjkhand Copper Project to five million tonnes per annum by 2030. This initiative is a key component of HCL's broader strategy to increase its total production capacity to 12.2 million tonnes by 2030.
The expansion is directly linked to the substantial global demand for copper, which currently exceeds available supply. To achieve these ambitious targets, HCL's leadership is prioritizing the timely completion of its capital expenditure plans, with close monitoring of all projects and milestones.
Beyond Malanjkhand, HCL is also expediting production enhancements at its Khetri Copper Complex in Rajasthan and the Indian Copper Complex in Jharkhand. These concerted efforts are designed to ensure that India's increasing mineral needs do not hinder its development aspirations.
