State-owned Hindustan Copper Limited (HCL) is banking on its upcoming 50,000 tonnes per annum (TPA) copper rod plant at Jhagadia, Gujarat, as a key milestone in its journey toward achieving Navratna status.
The Jhagadia project is expected to strengthen the company’s value-added product portfolio by manufacturing high-quality copper rods for industries such as power, electrical equipment, infrastructure, renewable energy, and electric vehicles. The facility is aimed at reducing dependence on imported copper products while enhancing domestic manufacturing capabilities.
Hindustan Copper views the project as a strategic investment that will improve revenue generation, operational efficiency, and profitability—important parameters for qualifying as a Navratna Central Public Sector Enterprise (CPSE). The company is also pursuing capacity expansion across its mining operations to increase refined copper production and support India’s growing demand for the critical metal.
The expansion aligns with the government’s vision of promoting self-reliance in critical minerals and strengthening the domestic supply chain for sectors including clean energy, electric mobility, and infrastructure development.
With copper demand expected to rise significantly in the coming years, the Jhagadia project is poised to play a vital role in Hindustan Copper’s long-term growth strategy while reinforcing its position in India’s non-ferrous metals industry.