Hindustan Copper to ramp up output to 12.2 MTPA by FY29
The company's copper ore production was 3.57 million tonnes (MT) in FY22
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New Delhi: State-owned Hindustan Copper Ltd (HCL) is considering increasing its copper ore production to 12.2 million tonnes per annum by FY29 in its first phase of expansion.
The company's copper ore production was 3.57 million tonnes (MT) in FY22. "HCL has plans to increase its mining capacity from its current level ore production to 12.2 million tonne per annum in phase-I in next 7 to 8 years," the public sector unit said. The company further plans to increase its output to 20.2 MTPA after the completion of its first phase capacity expansion plan.
The company had during FY11 envisaged increasing its mine production capacity from 3.4 MTPA to 12.2 MTPA. This was subsequently revised to 20.2 MTPA in order to boost domestic production of copper metal to reduce dependence on imports, it said.
