Hindustan Copper Limited (HCL), a government-owned enterprise, has announced an investment plan of approximately ₹2,000 crore over the next 5-6 years to significantly expand its mining capacity. The goal is to increase production from the current level of around 3.47 million tonnes per annum (MTPA) to 12.2 MTPA by the financial year 2030-31.
This expansion aligns with the company's strategic vision of enhancing domestic copper production. The increased focus on exploration has led to the addition of 123 million tonnes of copper ore reserves and resources over the past 2 years. HCL is also actively participating in mineral auctions to acquire copper deposits both within India and internationally.
As part of its growth initiatives, HCL has signed a collaboration agreement with CODELCO, the state-run copper giant of Chile, which is among the largest copper producers globally. This partnership aims to facilitate knowledge exchange and strengthen capabilities in mining, beneficiation, and exploration.
Additionally, the company has entered into multiple Memorandum of Understanding (MoUs) with Indian public sector undertakings to widen its mining footprint. HCL operates copper mines and concentrator units across key projects including Malanjkhand in Madhya Pradesh, Khetri in Rajasthan, and Ghatsila in Jharkhand.
For the fourth quarter ending 31 March 2025, Hindustan Copper posted a consolidated net profit of ₹189 crore, representing a year-on-year increase of approximately 52%. Its income for the quarter reached ₹777.28 crore, up from ₹585.22 crore in the same period last year.
EBITDA for the quarter stood at ₹266.7 crore, marking a 19% rise, though the EBITDA margin declined from 39.6% to 36.5%.
Read more: Hindustan Copper Share Price Rose 3.86% on May 28; Reports Profit Surge in FY25 Results!
As of June 12, 2025, at 1:42 PM, Hindustan Copper share price is trading at ₹257.57 per share, reflecting a decline of 0.76% from the previous day's closing price. Over the past month, the stock has surged by 14.45%. The stock's 52-week high stands at ₹353 per share, while its low is ₹183.82 per share.
Hindustan Copper’s ambitious investment and strategic collaborations signal its commitment to boosting domestic copper production and strengthening global partnerships, while its strong financial performance reinforces confidence in its long-term growth plans.
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Published on: Jun 12, 2025, 3:21 PM IST
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