New Delhi, Sep 27 (PTI) Hindustan Copper Ltd today said its Malanjkhand copper project in Madhya Pradesh having a capacity of 50 lakh tonnes per annum (MTPA) is progressing well and the plans have been firmed up to begin production from underground mine in the coming financial year. Also Read - Jacques Kallis Greatest Cricketer of All Time, Says Former South Africa International Jacques Rudolph

“The company’s flagship project, Malanjkhand underground mine of annual capacity 50 lakh tonne is progressing well. Fifty percent of the physical progress has been completed,” the company said in a filing to BSE. Also Read - Every Little Deed Counts: This UP Cop Delivers Sweets to Elderly Man With Low Sugar | WATCH

Likewise, tender has been issued for construction and operations of Chapri-Sidheswar mine, a new project at Ghatsila with a capacity 1.5 MTPA. Also Read - Employees Now Can Complete Annual Appraisal Process by May 30 as Centre Extends Date

The current mine expansion plan of the Hindustan Copper, it said, has been enhanced from 12.4 MTPA to 20 MTPA.

“Total capital outlay of the above expansion projects is 5,500 crore,” it said.

Hindustan Copper Ltd had earlier said it has signed an MoU with MOIL for the Malanjkhand copper project with an objective to create long-term business synergy for both the companies.

This is published unedited from the PTI feed.