Adani, Hindalco show interest as Hindustan Copper plans to develop two mines, source says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 24 2024
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Source: reuters
- Hindustan Copper's Plans: Hindustan Copper plans to develop two copper mines in India.
- Interested Parties: Adani Enterprises and Hindalco Industries have shown preliminary interest in developing the mines.
- Mine Locations: The mines, located in Jharkhand, have a combined capacity of 3 million metric tons.
- Rakha Mine: One of the mines, called Rakha, has been closed for 20 years and is being considered for development due to operational costs.
- Response from Companies: Adani Enterprises and Hindalco did not immediately respond to requests for comment on their interest.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
