GVFPL is setting up a joint venture in Kitwe Zambia to produce 1,200 MT/annum of copper and 1,000 MT/annum of Cobalt using various ores and tailings. Plant design engineering and equipment order placement is completed. Plant s likely to be commissioned by end of Aug-2023. Once completed and put in operations, it will add USD 20 Mn to the top line of the company.
Company has plans to double the capacity within one year.