Hindustan Copper Share Price in Focus; Emerges Preferred Bidder for Copper Block in Madhya Pradesh

State-owned Hindustan Copper Ltd (HCL) has been named the preferred bidder for the Baghwari-Khirkhori copper and associated mineral block in Madhya Pradesh. The company submitted the highest final price offer in a forward e-auction for a composite licence that includes a mining lease. 

The auction was concluded on January 22, 2026, with communication received by the company on the same day, according to an exchange filing. 

Tender Process and Regulatory Backdrop 

HCL participated in the bidding process following a Notice Inviting Tender issued on October 31, 2025, by the Directorate of Geology and Mining, Government of Madhya Pradesh. 

The block is part of the state’s ongoing mineral auction programme under the central government’s mining reforms, which aim to allocate mineral resources through competitive bidding. 

Hindustan Copper Profile and Operations 

Hindustan Copper is a Mini Ratna central public sector enterprise under the Ministry of Mines. It is the only company in India engaged in copper ore mining with operating mining leases. Its activities cover exploration, mining and beneficiation, along with smelting and refining operations to produce copper concentrate and related products. 

Mining and Processing Overview  

The company operates copper mines at Malanjkhand in Madhya Pradesh, Khetri in Rajasthan and Ghatsila in Jharkhand. It runs a primary smelter and refinery at Ghatsila, secondary smelting and refining facilities at Jhagadia in Gujarat, and a continuous cast copper wire rod plant at Taloja in Maharashtra. 

Earlier this month, HCL began underground mining at the Kendadih Copper Mine in Jharkhand’s Ghatshila region. 

Hindustan Copper Share Price Performance  

As of January 23, 2026, 3:30 pm, Hindustan Copper share price closed at ₹539, a 1.31% increase from the previous closing price. 

Read More: Adani Group Stocks Lose ₹1.4 Lakh Crore After Reports on SEC Seek Court Nod in Bribery Case! 

Conclusion 

The preferred bidder status for the Madhya Pradesh block adds to HCL’s pipeline of mineral assets, as the company continues to participate in state-led auctions and maintain operations across copper-producing regions. 

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