Hindustan Copper Surges Over 8% After Securing 20-Year Rakha Mining Lease Extension

Shares of Hindustan Copper surged more than 8% on Monday, September 22, 2025, hitting an intraday high of ₹305.40. At 2:06 pm, the stock was trading at ₹298.71 on the NSE, making the state-run miner one of the top gainers of the session.

Rakha Mining Lease Extended

The sharp rally followed the company’s announcement that it had executed a 20-year extension of the mining lease deed for the Rakha Copper Mine in Jamshedpur.
 In an exchange filing, Hindustan Copper stated:

“It is informed that Rakha Mining Lease Deed has been executed between Hindustan Copper Limited (HCL) and District Commissioner (DC), Jamshedpur on September 19, 2025 for an extended period of 20 years.”

The extension marks a crucial step towards reopening and expanding operations at Rakha, one of the company’s core copper assets.

Strategic Collaboration with Oil India

Adding to the momentum, Oil India Ltd signed an MoU with Hindustan Copper on Friday to collaborate on the exploration and development of critical minerals, including copper.
This partnership aligns with the government’s National Critical Minerals Mission and underlines growing cooperation between energy and mining PSUs to strengthen domestic resource security.

Strong Financial Performance

Hindustan Copper has been recording steady financial growth. In the June quarter (Q1 FY26):

• Net profit rose 18.4% YoY to ₹134 crore
• Revenue increased 4.6% YoY to ₹516.4 crore
• EBITDA margin improved to 41%, up from 38.2% a year earlier

Read More: US rejects India's request for WTO talks on copper

Conclusion

The 20-year lease extension for the Rakha Copper Mine, coupled with its MoU with Oil India and consistent financial performance, has bolstered investor sentiment in Hindustan Copper. With critical minerals gaining strategic importance, the company is well-positioned to play a larger role in India’s resource security plans.

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