BloombergQuint reported that Vedanta Ltd said that it will start a copper rod mill in Silvassa by the year end. The mill, which will convert copper cathodes into rods for manufacturing various products, will have a capacity of 250,000 tonnes per annum. Mr P Ramnath, chief executive officer of Sterlite Copper, told BloombergQuint “The company already operates two copper rod mills in Silvassa. With the new mill, our total capacity would be around 450,000 tonnes per annum.’
He said “Our new copper rod plant is expected to start by December. That’s our latest capex plan.”
He said ‘The demand for copper in India would double in the next few years. A lot of this demand is from the wire and cable industry because lot of construction activity is going on.”
