New Delhi: Hindustan Copper Limited (HCL) and Lohum Materials Private Limited (LOHUM) have signed a concessional/revenue-sharing agreement in New Delhi to support the revival and turnaround of HCL’s Gujarat Copper Plant.
The agreement was signed in the presence of the Chairman-cum-Managing Director (CMD) of HCL and the Chief Executive Officer (CEO) of LOHUM, marking a significant collaboration in India’s copper and critical metals sector.
Agreement to Revive Gujarat Copper Plant
The partnership is focused on bringing HCL’s Gujarat Copper Plant back into operation and improving its overall performance.
The initiative is expected to:
- Revive and turnaround the Gujarat Copper Plant.
- Increase domestic copper production.
- Strengthen India’s critical metal ecosystem.
- Support greater domestic availability of copper and related resources.
The revenue-sharing arrangement provides a framework for collaboration between HCL and LOHUM for the plant’s revival.
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Boost to India’s Domestic Copper Production
Copper is an important industrial metal used across sectors including power, electronics, infrastructure, renewable energy and electric mobility.
The revival of the Gujarat Copper Plant is expected to contribute to India’s efforts to strengthen domestic copper production and reduce dependence on external sources.
The partnership also aligns with the broader objective of developing a stronger and more resilient domestic ecosystem for critical metals.
HCL and LOHUM Join Hands for Strategic Metal Ecosystem
The agreement brings together HCL’s experience in the copper sector and LOHUM’s capabilities in materials and resource-related technologies.
The collaboration is expected to support the Gujarat plant’s turnaround while contributing to the development of India’s critical metals value chain.
Further details regarding the implementation and operational roadmap of the agreement were not disclosed in the information available.
About Hindustan Copper Limited
Hindustan Copper Limited (HCL) is a Miniratna Central Public Sector Enterprise under the Ministry of Mines, Government of India. It is the country’s only vertically integrated copper producer, with operations spanning mining, beneficiation, smelting, refining and related copper activities.
About LOHUM Materials Private Limited
LOHUM Materials Private Limited (LOHUM) is an Indian materials and technology company focused on areas including critical materials, battery materials and resource recovery. The company works on technologies and solutions aimed at supporting a circular and sustainable materials ecosystem.
