HCL awards LOHUM 20-year deal to revive 50,000 TPA copper project in Gujarat
Hindustan Copper Limited (HCL) has awarded LOHUM the rights to restart, upgrade, and maintain the 50,000 tonne-per-annum (TPA) Copper Project at Jhagadia, Gujarat, under a 20-year revenue-sharing agreement, extendable by 5 years.
The Letter of Award was presented to LOHUM by Sanjiv Kumar Singh, Chairman and Managing Director, alongside Dr. Sanjeev Kumar Sinha, Director (Operations); RVN Vishweshwar, Director (Finance); Ghanshyam Das Gupta, Director (Mining); and Harsimran Singh (Chief Vigilance Officer), Hindustan Copper Limited.
The upgraded facility will produce 99.9997 per cent pure Grade-A copper cathodes, meeting the highest international quality standards, to serve India’s rising demand from the power, electronics, construction, and electric vehicle sectors.
Copper sits at the foundation of India’s energy future. Every megawatt of solar capacity requires approximately 3,000 kg of it; every electric vehicle on Indian roads carries around 60 to 80 kg; and a single AI data centre can consume close to 28 to 30 tonnes of copper, making India’s fast-expanding data centre sector another significant driver of demand.
With domestic demand crossing 1,878 kilotonnes in FY2025 and growing at over 9 per cent annually, restarting copper refining capacity at this scale will directly strengthen job creation, national infrastructure, technology ecosystems, and energy security.
The revival of the Gujarat Copper Project activates a national asset that has the capacity to make a material difference.
Stakeholders of the ecosystem have applauded the facility acquisition as a model for how PSUs and private innovators can work together to serve national priorities.
“Copper is foundational to every aspect of India’s growth story. This revival of Hindustan Copper’s Gujarat facility is about making sure that India rapidly produces more of what it needs, from resources already in place, in facilities that already exist.” — Rajat Verma, Founder and CEO, LOHUM.
