Aditya Birla Group's company Hindalco Industries and Sajjan Jindal's company JSW Steel are in competition for two copper mines in Jharkhand, which will be put up for sale this month. According to a PTI report, sources say that the combined capacity of both the mines is three million tonnes per annum. According to sources, Hindalco Industries and JSW Steel will be in competition for two copper mines of government company Hindustan Copper Limited in Jharkhand. Both mines are likely to be auctioned in the month of October. One of these blocks is new, while the other has been closed for the last 20 years.

Hindustan Copper had earlier invited applications for the appointment of Mine Developer-cum-Operator (MDO) for reopening and expansion of Rakha Copper Mines and development and operation of underground mines at Chapri. Rakha Mining Lease Expires in 2021 Hindustan Copper had said in its recent report that the Rakha mining lease has expired in 2021 and work is underway with the Jharkhand government to extend the mining lease period. Apart from this, the application for granting stage one forest clearance on the remaining forest area within the mining lease has been accepted by the Project Screening Committee. Site inspection by several authorities of the state forest department has been completed. Hindustan Copper CMD Ghanshyam Sharma recently said that the company is implementing an expansion project to increase its mine production capacity to 12.2 million tonnes per annum. This move will boost domestic production of copper and reduce dependence on imports. The company achieved ore production of 3.78 million tonnes in FY 2024 as against 3.35 million tonnes in FY 2023, an increase of 13 per cent.