Expansion Plans: Hindustan Copper Share Price in Focus; Aims for 12 MTPA Production by 2031

Hindustan Copper, India's only pure-play copper miner, is positioning itself to significantly boost production levels to 12.2 million tonnes per annum (MTPA) by 2031, as per The Moneycontrol report.  

The company is set to accomplish this through strategic mine expansions, reopening efforts, and substantial investments. 

Hindustan Copper's Expansion Strategy 

The state-owned Hindustan Copper aims to triple its production capacity from the current 4 MTPA to over 12 MTPA by 2031.  

This enhancement involves expanding operations at its mines in Madhya Pradesh and Rajasthan, alongside reopening three mines in Jharkhand, closed previously due to technical and economic challenges.  

The company plans a capital expenditure amounting to ₹2,000 crore to achieve these enhancements. 

Key Investments and Expected Outcomes 

With the growing demand for copper from sectors such as electric vehicles, renewable energy, and infrastructure, Hindustan Copper’s expansion is crucial. India imports over 95% of its copper, with imported copper valued over $10 billion in 2024.  

Recognising the strategic importance of copper, the company is focusing on increasing productivity through deep excavation and implementing a copper concentrator plant as part of its expansion plans. 

Partnership and Collaboration 

In a noteworthy collaboration, Hindustan Copper has partnered with JSW Group for mine development and operation at the Rakha Mines in Jharkhand.  

This agreement is projected to generate revenue of around ₹2,400 crore over the next 20 years through a revenue-sharing model.  

Additionally, a partnership with Chile’s state-owned miner, Corporación Nacional del Cobre de Chile (CODELCO), aims to enhance Hindustan Copper's technical prowess and efficiency in mining operations. 

Read More: JK Lakshmi Cement Declared Preferred Bidder for Limestone Block in Assam! 

Rationale Behind Expansion Efforts 

The need for copper is accelerating, driven by advancements in AI, electric vehicles, and semiconductors. AI data centres globally could consume up to 4.3 million tonnes of copper by 2035.  

Hindustan Copper is looking at exploring domestic sources and overseas partnerships to meet technological demands and enhance production capabilities. 

Hindustan Copper Share Price Performance  

As of March 17, 2026, at 10:35 AM, Hindustan Copper share price on NSE was trading at ₹486.35 up by 1.84% from the previous closing price. 

Conclusion 

Hindustan Copper's ambitious plan to reach a production capacity of 12.2 MTPA by 2031 underlines a strategic approach to meet rising domestic demand and lessen import dependence. The company’s comprehensive expansion strategy and collaborations are geared towards bolstering its role in the global copper supply chain. 

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