Hindustan Copper Share Price Gains After MoU with IOCL for Strategic Minerals Collaboration

On June 29, 2025, Hindustan Copper Ltd (HCL) entered into a Memorandum of Understanding (MoU) with Indian Oil Corporation Ltd (IOCL). The agreement lays the groundwork for strategic collaboration in auctions, development and mining of copper and critical mineral assets in India. This marks a key step in India’s push toward resource security and mineral self-reliance.

HCL and IOCL Join Hands for Critical Mineral Development

The MoU outlines the joint participation of HCL and IOCL in auctions for copper and other critical mineral blocks. The collaboration will also cover the development and operationalisation of these blocks, including exploration, mining and mineral processing. The partnership aims to unlock potential in India’s mineral-rich regions by combining the technical capabilities and financial strengths of both PSUs.

Shared Investment and Risk Across the Value Chain

The agreement reflects a strategic intent to share investment responsibilities and associated risks. Both companies have agreed to work together on mining operations from HCL’s existing assets as well. The objective is to improve efficiency, scale and resource utilisation by leveraging joint strengths, without forming any legally binding relationship as of now.

Strategic Alignment with National Mineral Goals

This move aligns with India’s broader strategy to enhance domestic sourcing of essential minerals needed for renewable energy, electronics and defence sectors. With copper and other critical minerals being central to this roadmap, the collaboration supports national priorities in energy transition and industrial growth.

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Hindustan Copper Share Price Performance

On June 30, 2025, Hindustan Copper share price opened at ₹277 on NSE, above the previous close of ₹276.16. During the day, it surged to ₹281.40 and dipped to ₹276.00. The stock is trading at ₹280.51 as of 9:40 AM. The stock registered a gain of 1.58%.

Over the past week, it has moved up by 9.00%, over the past month, it has moved up by 11.12%, and over the past 3 months, it has moved up by 26.35%.

Conclusion

HCL’s partnership with IOCL through this MoU signals a strategic initiative to secure and develop India’s critical mineral resources. Although non-binding at present, the agreement sets the stage for future collaboration in mining, exploration and processing, strengthening India's mineral independence goals.

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