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State-owned Hindustan Copper Ltd (HCL) on Tuesday said it is planning capital investment of over Rs 7,000 crore over the next five to six years, as part of an expansion drive that includes exploration, mine revivals and strategic partnerships. In a regulatory filing, the company said it has taken several strategic initiatives in the copper and critical minerals segment, and has lined up capital investment of over Rs 7,000 crore planned in the next 56 years. The development assumes significance in the wake of the country's rising copper demand, driven by infrastructure expansion, renewable energy, electric mobility and other clean-energy applications. The company, in a regulatory filing, said it has added 135.52 million tonnes of copper ore reserves and resources in the past three years, underlining a steady improvement in its resource base. HCL said it is actively pursuing the acquisition of new copper deposits both within India and overseas. A key focus of the plan is the reopenin
State-owned Hindustan Copper Ltd on Monday reported a 162.4 per cent surge in consolidated net profit at Rs 352.37 crore for the quarter ended June 30, 2026, on the back of higher revenues. The company had posted a consolidated net profit of Rs 134.25 crore in the year-ago period, Hindustan Copper said in a filing to the BSE. The revenue from operations during April-June quarter rose 81.3 per cent to Rs 936.50 crore over Rs 516.37 crore in the year-ago period, the filing said. The total expenses during the first quarter increased to Rs 481.83 crore over Rs 347.29 crore in the corresponding quarter of the previous fiscal, the filing said. Hindustan Copper Limited (HCL), is a Mini-Ratna Central Public Sector Enterprise under the mines ministry. It is the only company in India which is engaged in copper ore mining and holds all the operating mining leases for copper ore in the country. The company's current focus lies on exploration, mining, and beneficiation of copper ore to produce
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