Hindustan Copper (HCL) will spend about Rs 533 crore to treble production capacity at its Khetri Copper Complex (KCC) in the next five years, Parliament was informed today.
“The company (HCL) has taken steps to enhance the ore production of KCC mines from current 1 million tonnes (MT) to 3.1 MT with modern equipment and technology in next five years at an estimated cost of Rs 533 crore,” Mines Minister Dinsha Patel said in a written reply to Rajya Sabha.
Rajasthan-based KCC’s production had come down to 1 MT in 2011-12 from 1.5 MT in 2008-09, but its production cost was on the rise.
The cost of production in KCC is the highest for HCL among all operating mines of the company. It got adversely impacted due to falling ore grade, increase in wage due to pay revision and rise in cost of power and fuel in recent times, Patel said.
HCL’s mines and plants are spread across four operating units, one each in Rajasthan, Madhya Pradesh, Jharkhand and Maharashtra.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.