In a significant milestone for India’s mining and metals sector, Hindustan Copper Limited has successfully revived its long-idle Gujarat Copper Project through a Public-Private Partnership model, transforming a dormant asset into a future revenue-generating enterprise.
Hindustan Copper Revives Gujarat Copper Project Through PPP Model
HCL revived its Gujarat Copper Project via a PPP model with Lohum Materials and partnered with Ardee Engineering for a 3.0 MTPA plant, boosting India's copper self-reliance and 2030 output goals.
Sanjiv Kumar Singh, Chairman and Managing Director, Hindustan Copper Limited
Under the visionary leadership of Mr. Sanjiv Kumar Singh, Chairman and Managing Director, Hindustan Copper Limited, in the presence of Director (Operations), Dr. Sanjeev Kumar Sinha, Director (Finance), Mr. R.V.N. Vishweshwar, Director (Mining), Mr. Ghanshyam Das Gupta, connected through VC, Chief Vigilance Officer, Mr. Harsimran Singh, and senior officials, HCL handed over the Letter of Award to M/s. Lohum Materials Pvt. Ltd. in Kolkata today for the restarting, operation, and maintenance of the Gujarat Copper Project under a revenue-sharing model for 20 years, extendable by another 5 years.
With the strategic revival of this dormant asset into an engine of growth, GCP is expected to generate revenue for HCL, strengthen India’s copper value chain, reduce dependence on external sources, and support the nation’s journey towards becoming a developed and self-reliant economy, aligned with the national vision of Viksit Bharat and Atmanirbhar Bharat.
An agreement was also signed today with Ardee Engineering Ltd. for the construction of the 3.0 MTPA Concentrator Plant at the Malanjkhand Copper Project, which is a strategic step towards the expansion journey of HCL, enhancing ore beneficiation capacity and laying a strong foundation for achieving its targeted production of 12.2 million tonnes per annum by 2030, thereby strengthening India's copper self-reliance and mineral security.
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