The state owned copper giant, Hindustan Copper is planning to invest round Rs 5,000 crore over the next four years in new facilities and mines. According to the company, a good portion of investment will go in implementing mine expansion projects to increase production capacity by four times. It will invest Rs 3,025 crore to set up a plant in Chhattisgarh with a 0.1-million-tonne per annum (mtpa) capacity. While Rs 2,100 crore will be spent on raising the mine capacity from 3.2 million tonne per annum (mtpa) to 12 mtpa in the next four years. Also, the company reported that the operation and maintenance of its Surda mine in Jharkhand was re-started on August 21.
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