Birla's Hindalco, Jindal's JSW Steel in race for copper mines in Jharkhand

Aditya Birla Group firm Hindalco Industries and Sajjan Jindal-led JSW Steel are in the race for two copper mines in Jharkhand which will be put on sale this month, sources said.

Both mines have a combined capacity of three million tonne per annum.

Hindalco Industries and JSW Steel will be vying for state-owned Hindustan Copper Ltd's two copper mines in Jharkhand, sources said.

The auction of both the mines is likely to take place in the month of October.

While one of these blocks is virgin, the other one is closed for the past 20 years.

Hindustan Copper had earlier invited applications for appointment of mine developer-cum-operator (MDO) for re-opening and expansion of Rakha Copper Mine and development and operations of underground Mine at Chapri.

Hindustan Copper had said in its recent report that Rakha Mining Lease expired in 2021 and extension of mining lease period is under progress with the Jharkhand government. Further, the application for grant of stage one forest clearanc