ET reported that 3 Chinese companies are part of consortiums that have bagged INR 1,800 crore worth of five contracts awarded by state owned Hindustan Copper Limited to raise its production four fold to 12 million tonnes over the next five years.

A consortium of Maheshwari Mining and Wenzhou Construction Group of China has bagged the engineering, procurement, construction contract worth INR 97 crore to develop Khetri mines in Rajasthan over a five year period. HCL had invited tenders for supply and installation of ore handling system and allied excavation at Khetri.

Two other Chinese firms, Laiwu Steel Group Mine Construction and Sinosteel Engineering Design & Research Institute of China, are part of a consortium which has bagged INR 206.34 crore project at HCL's Surda mines in Jharkhand. Shriram EPC Ltd is the lead member of the consortium which will supply and instal winders, ore handling system and allied mines development.

The INR 256.50 crore contract for development of a 1.5 million tonnes underground mine in Jharkhand's Chapri-Sideshwar has been bagged by Maheshwari Mining along with Wenzhou.

The largest contract of INR 1,176.12 crore, for expansion of the Malanjkhand mines, was bagged by a consortium led by IVRCL Infrastructures & Projects. The other members of the IVRCL-led consortium are MCCL of Ukraine, Teknomin Constructions Limited Vijaywada and Davy Markham of UK.

Hindustan Copper has lined up a detailed plan for development of 5 million tonne underground mine at Malanjkhand that will contribute the largest chunk in its bid to raise output from 3 million tonne to 12 million tonne.

(Sourced from ET)