Hindustan Copper Starts Production

2019 ias preliminary exam test series

Government-owned Hindustan Copper has commenced production at Jhagadia Copper (JCL) in Gujarat.

Renamed as Gujarat Copper Project (GCP), the erstwhile JCL was closed in 2009 for non-availability of working capital.

JCL was taken over through an auction in January 2015. Hindustan Copper made a total investment of Rs 300 crore.

JCL was promoted by the Khaitan Group of Shalimar Wire Industries and the plan was to set up a secondary copper smelter at Bharuch, Gujarat, in 1992. The project was commissioned in 2003 and commercial production commenced from May 2006.

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