India's steel-to-power conglomerate JSW Group will invest 26 billion rupees ($301.2 million) to set up operations at two copper mines, the company said on Monday, foraying into mining non-ferrous metals as steel prices fall.

JSW Group has a won a bid to secure two copper mining blocks in the eastern Indian state of Jharkhand from state-owned Hindustan Copper Ltd., expanding its business into mining of non-ferrous metals.

JSW Group secured the contract via a competitive bidding process for a 20-year term, with the possibility of a ten-year extension.

The group has won two blocks of copper mines in Jharkhand from state-owned Hindustan Copper, and these are expected to be partly operational in the second half of 2026-27 (April-March). Once fully ramped up,

With its headquarters in Mumbai, JSW Group has a significant presence across steel, energy, cement, infrastructure, paints, automobiles, defence, mining, venture capital and sports.

JSW Group on Monday announced a significant expansion into the mining of non-ferrous metals sector by winning the Mine Operator and Developer (MDO) contract of two blocks of copper mines in Jharkhand from the state-owned Hindustan Copper Limited (HCL),

JSW Group announced on Monday (27 January) that it will invest Rs 2,600 crore to develop and operate two copper mines and establish a copper concentrator plant in Jharkhand. This move marks the group’s entry into the copper business, reflecting its ongoing commitment to diversification and growth, reported The Economic Times.

Billionaire Sajjan Jindal-led JSW Group said on Tuesday that it will invest 3 trillion rupees ($34.67 billion) in the Indian state of Maharashtra to expand the conglomerate's presence in electric vehicles,

The group has won two blocks of copper mines in the eastern mineral-rich state of Jharkhand from Hindustan Copper.