Hindustan Copper Pivots to Critical Minerals to Power Green Energy Expansion

State-owned Hindustan Copper Ltd has signalled plans to broaden its mining portfolio by moving into critical minerals, as the company strengthens its financial position and outlines long-term capacity expansion goals. 

Push into Critical Minerals and Partnerships 

The company has stated that its experience in hard rock mining and mineral beneficiation places it in a strong position to explore and develop critical minerals required for emerging technologies and clean energy applications.  

As part of this strategy, Hindustan Copper has entered into multiple agreements with public sector companies, including Oil India Ltd and Coal India Ltd, to jointly explore, mine and develop minerals such as copper, nickel, cobalt and rare earth elements.  

The expansion is aimed at supporting India’s green energy transition while reducing reliance on imports. 

Hindustan Copper Q3FY26 Earnings Results 

For the October–December quarter, Hindustan Copper reported a consolidated profit of ₹156.30 crore, marking more than a two-fold increase from ₹62.87 crore in the same period last year.  

The improvement was driven by a sharp rise in revenue, which increased to ₹687.34 crore from ₹327.77 crore a year earlier, reflecting stronger operational performance during the quarter. 

Capacity Expansion Plans 

Alongside diversification, the company is pursuing a significant scale-up of its core mining operations. Hindustan Copper plans to raise its ore production capacity from the current 4 million tonnes per annum to 12.2 million tonnes per annum by 2030–31.  

The PSU currently holds all operating copper ore mining leases in the country, providing a base for both capacity growth and entry into new mineral segments. 

Read More: Hindustan Zinc, Hindustan Copper, Vedanta Among Others Slip Ahead of Union Budget 2026! 

Hindustan Copper Share Price Performance  

As of February 6, 2026, at 3:30 PM, Hindustan Copper Ltd share price is closed at ₹578.20 per share, reflecting a decline of 4.79% from the previous closing price. Over the past month, the stock has gained by 2.79%. 

Conclusion 

Hindustan Copper’s move towards critical minerals, combined with rising profitability and a multi-year production expansion plan, underscores its intent to play a larger role in India’s resource security and industrial growth roadmap. 

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