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Uranium Corporation of India Ltd (UCIL), a public sector company under the Department of Atomic Energy (DAE), will set up a recovery plant in Jharkhand to extract uranium from tailings of state-owned Hindustan Copper, a top official said on Sunday. The move would help in augmenting domestic supplies of the strategic mineral used in nuclear power and defence applications. In an interview with PTI, Hindustan Copper Chairman and Managing Director (CMD) Sanjiv Kumar Singh said that the copper PSU has reached an understanding with UCIL under which tailings will be handed over to the Uranium Corporation of India to extract uranium. Copper tailings are finely ground waste rock and water that remain after copper minerals are extracted from mined ores. Singh said, "UCIL was concerned with our proposal and technically agreed because there is a presence of uranium in small quantities in our tailings, which they can extract". UCIL will process the tailings and, after extracting uranium, retur
State-owned Hindustan Copper Ltd on Friday reported a 137.3 per cent surge in net profit to Rs 444.27 crore for the quarter ended March 31, 2026, on the back of higher revenue. The company had posted a consolidated net profit of Rs 187.18 crore in the year-ago period. The consolidated revenue from operations during the fourth quarter rose by 58 per cent to Rs 1,156 crore, compared to Rs 731.40 crore a year ago, Hindustan Copper said in a regulatory filing. The board recommended a final dividend of Rs 1.86 per share for FY2025-26, subject to the requisite approvals, the company said. The board also approved a proposal for raising up to Rs 500 crore via non-convertible debentures (NCDs) on a private placement basis. The board of directors also gave the nod to raise funds via Qualified institutional Placement (QIP) of up to 9.69 crore equity shares for funding the capital expenditure and expansion plans approved by the Cabinet Committee on Economic Affairs (CCEA), the filing ...
State-owned Hindustan Copper Ltd is pursuing Navratna status, with its Chairman and Managing Director Sanjiv Kumar Singh emphasising the milestone as a testament to the company's improved operations, organisational excellence and strategic growth. This comes amid Hindustan Copper's aggressive expansion plans in mining operations. It operates the country's sole vertically integrated refined copper facility, handling exploration, mining, beneficiation, smelting, refining, and casting operations. "We also remain steadfast in our pursuit of attaining Navratna status, which reflects not only our enhanced operational performance but also organisational excellence and strategic maturity. This aspiration continues to motivate us to raise our standards and push the boundaries of performance," the company's Chairman and Managing Director (CMD) said in a recent letter to his employees. Navratna status, granted by the Department of Public Enterprises to top-performing public sector enterprises,
Hindustan Copper Ltd (HCL) has said it is well-positioned to make a strategic entry into the critical minerals sector, leveraging its expertise in hard rock mining and mineral beneficiation. The move will contribute significantly to the nation's technological and economic priorities. "Leveraging its proven expertise in hard rock mining and mineral beneficiation, HCL is well positioned to make a strategic entry into the critical minerals sector and contribute significantly to the nation's technological and economic priorities," Hindustan Copper has said in a statement. The PSU is aggressively expanding into the exploration and development of critical minerals to support the country's green energy transition and reduce dependence on imports. HCL has signed multiple agreements with PSUs like Oil India Ltd and Coal India Ltd to explore, mine, and develop critical minerals (copper, nickel, cobalt) and rare earth elements. The company has reported more than a two-fold jump in consolidat