New Delhi: Hindustan Copper (HCL) will spend about Rs 533 crore to treble production capacity at its Khetri Copper Complex (KCC) in the next five years, Parliament was informed on Monday.
"The company (HCL) has taken steps to enhance the ore production of KCC mines from current one million tonnes (MT) to 3.1 MT with modern equipment and technology in next five years at an estimated cost of Rs 533 crore," Mines Minister Dinsha Patel said in a written reply to Rajya Sabha.
Rajasthan-based KCC's production had come down to one MT in 2011-12 from 1.5 MT in 2008-09, but its production cost was on the rise.
The cost of production in KCC is the highest for HCC among all operating mines of the company. It got adversely impacted due to falling ore grade, increase in wage due to pay revision and rise in cost of power and fuel in recent times, Patel said.
HCL's mines and plants are spread across four operating units, one each in Rajasthan, Madhya Pradesh, Jharkhand and Maharashtra.