Hindustan Copper Limited has awarded critical minerals producer LOHUM the operational rights to restart, upgrade, and maintain its defunct copper refining project in Jhagadia, Gujarat. The public-private partnership will function under a 20-year revenue-sharing contract, which includes an option for a five-year extension. The official letter of award was finalized by top executives from both entities, including Sanjiv Kumar Singh, Chairman and Managing Director of Hindustan Copper Limited.
The specialized processing plant has a rated capacity of 50,000 tonnes per annum. Following the scheduled engineering upgrades, the facility is designed to manufacture Grade-A copper cathodes with a purity level of 99.9997% to satisfy international quality benchmarks. The output will be directed to address mounting material demand from India's electronics, power infrastructure, construction, and electric vehicle manufacturing industries.
Rajat Verma, Founder and Chief Executive Officer of LOHUM, stated that the revival project focuses on utilizing established, existing state assets to quickly boost domestic production capabilities.