provide technical support and receive a percentage of the revenue generated from the mines. "The idea is to venture into non-ferrous metals because copper will be in huge demand, be it from EVs (electric vehicles), the renewable grid, construction, home appliances, everything needs copper," one of the people cited above said. "Today, India is a net importer. This is a critical start."
This person added that having captive copper production will also aid JSW create backward integration with its EV and battery manufacturing plans, where copper is a major raw material, "so the move is highly synergistic".
This story is from the December 27, 2024 edition of Mint Ahmedabad.
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This story is from the December 27, 2024 edition of Mint Ahmedabad.
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