Project Report For Copper Cable Manufacturing
The project report for Copper Cable Manufacturing is as follows.
Copper is a unique metal that has been mined for ages and is used in a variety of industrial applications. It’s a tough metal with excellent thermal and electrical conductivity. Pure copper is soft and pliable, with a pinkish or peachy tint when first exposed.
It’s utilised as a thermal conductor, an electrical conductor, a construction material, and a component in a variety of metal alloys.
Other copper minerals are significantly more cost-effective to mine and refine into metallic copper, which is used in wire, electrical components, coinage, tubing, and a variety of other purposes. For thousands of years, copper metal and alloys have been utilised.
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Copper has a wide range of uses due to its qualities such as electrical conductivity, corrosion resistance, ductility, malleability, and stiffness.
Copper is used in telecom, electricity, construction, transportation, handicrafts, engineering, consumer durables, and defence for power cables and wires, jelly filled cables, building wires, air conditioning and refrigeration tubings.
The electrical industry has a market share of around 26%. Electronics and communications account for another 30% of the total. With the addition of building construction (9%) and transportation (8%), the total climbs to roughly three-quarters.
Engineering process and general (9%) and consumer durables (9%) are the other consuming sectors (6 percent). Defense is a significant user as well. Handicrafts are another significant user of copper in India, accounting for over 12% of total consumption.
Scrap copper supply is estimated to be over 170,000 TPA, in addition to primary copper production.
This consists of defence cartridge brass scrap (17%), scrap from forging, fabrication, redrawing, and machining (31%), old winding junk (13%), copper cable scrap from the power and telephone industries (12%), and cable units (12%). (9 percent )
Product Cost Breakup
Reveneue Vs Expenses
On the global copper map, India’s copper sector accounts for 3%. However, the unorganised sector is expected to add around 1.5–2 lakh tonnes, bringing total production to over one million tonnes by the end of the current fiscal year.
The private sector giants export the majority of LME-grade copper they produce. HCL, on the other hand, has dominated the home market. SIIL, a subsidiary of Vedanta Resources, a $3 billion company listed on the London Stock Exchange, pioneered the production of continuous cast copper rods in India and built India’s largest copper smelting and refining plant for the production of world-class refined copper.
As per industry analysts, India’s copper consumption would likely expand by at least 7% in the fiscal year 2019-24, fueled by the power sector, but demand from real estate and construction will remain average. The users segment in India, such as winding wire, power cables, and transformers, as well as increased downstream product exports, are supporting rising demand.