Hindustan Copper Malanjkhand underground mine to begin production in coming financial year

"The company's flagship project, Malanjkhand underground mine of annual capacity 50 lakh tonne is progressing well. Fifty percent of the physical progress has been completed," the company said in a filing to BSE.

Hindustan Copper Ltd today said its Malanjkhand copper project in Madhya Pradesh has a capacity of 50 lakh tonnes per annum (MTPA) is progressing well and the plans have been firmed up to begin production from an underground mine in the coming financial year.

"The company's flagship project, Malanjkhand underground mine of annual capacity 50 lakh tonne is progressing well. Fifty percent of the physical progress has been completed," the company said in a filing to BSE.

Likewise, the tender has been issued for construction and operations of Chapri-Sidheswar mine, a new project at Ghatsila with a capacity 1.5 MTPA.

The current mine expansion plan of the Hindustan Copper, it said, has been enhanced from 12.4 MTPA to 20 MTPA.

"Total capital outlay of the above expansion projects is 5,500 crore," it said.

Hindustan Copper Ltd had earlier said it has signed a MoU with MOIL for the Malanjkhand copper project with an objective to create long-term business synergy for both the companies.

(With inputs from agencies.)