Copper is a versatile base metal that is very vital for different sectors. Copper is commonly used for making electrical wiring in India. It also used for building construction, producing industrial machinery, transportation vehicles, architecture, and fuel gases. It is an important part of connectors, brakes, and wiring.
Global demand of refined Copper worldwide: The copper demand has gone up because of the use of copper is very high in green energy. Both solar and wind generation require roughlu four times the copper compared to conventional energy generation. In 2020, global refined copper consumption reached an estimated 23.4 million metric tons. While China is the largest consumer of refined copper, In the year 2020, China consumed a 54 percent share of the total global copper consumption volume. China is also the largest refined copper producing country. In 2020 China was responsible for nearly 42 percent share of the total global production of refined copper, or over ten million metric tons. Following China was Chile, which produced 2.3 million metric tons of refined copper. In 2020, there was about 20 million metric tons of copper produced in mines worldwide, while global refined copper production amounted to over 23.9 million metric tons.
Copper demand in India with ‘Make in India’ move: With Make in India move India is becoming self reliant and gradually ending dependancy upon China and import from other countries. This Results the need of huge refined copper produciton demand in India in coming years. Bhagyanagar India Ltd.(BIL) among the oldest and largest companies producing copper products in India is ready to fulfill refined copper produce demand for technological advancement and Green Energy. Bhagyanagar India Ltd.(BIL) founded by Mr. GM Surana in 1985, has a multigenerational dimension to itself with three generations in the business presently. Run by the very reputed Surana family, the Company is known for its fair trade practices, quality and dependability.
Bhagyanagar India Ltd biggest private sector contributor in refined copper produce: The Bhagyanagar India Ltd deals in Copper products such as Copper Rod, Strips, Pipes, Busbars, Sheets among others and has been a partner to its clients who are primarily Original Equipment Manufacturer (OEM). Over the years the organisation has diversified into Telecom products, Solar products and Real Estate. The Company forayed into the non conventional energy sector with a wind power project with an installed capacity of 9 MW at Kapatigudda, Karnataka State.
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