Ranchi, Jan. 28 -- JSW Group has secured a mine developer and operator (MDO) contract from Hindustan Copper Limited (HCL) for two copper blocks in Jharkhand.

The conglomerate announced on Monday that it will invest Rs 2,600 crore in this venture, marking its first foray into non-ferrous mining operations.

The scope of the project encompasses the operationalisation of two mines and the construction of a copper concentrator plant.

The facilities are projected to achieve an ore capacity of 3 MTPA, with partial operations expected to commence in the second half of FY27.

The 20-year contract, secured through competitive bidding, includes an option for a 10-year extension.

Under the agreement, JSW will manage development and operations, wh...