Metals Hindustan Copper

Among other metal shares, GMDC soared 7 per cent, while NALCO gained 4 per cent and was seen trading near its life-time in trades on Friday.

Spike in copper prices, extension of Rakha mining lease deed by another 20 years seems to be the key reasons behind the sharp rally in Hindustan Copper stock.

At 12:01 PM, Hindustan Copper share price was trading 5.31 per cent higher at ₹297.60. In comparison, BSE Sensex was trading 0.20 per cent lower at 82,461.66 levels.

Hindustan Copper Ltd , a Miniratna CPSE under the Ministry of Mines, plans to bid for critical minerals and rare earth element blocks along with other PSU's like Indian Oil Corporation Ltd (IOCL), GAIL (India) and RITES as part of its diversification strategy, a top official said. The copper company will soon enter into non-binding agreement with IOCL and GAIL (India) Ltd for this purpose. "Hindustan Copper (HCL) will participate in the auctions which will be coming up not only for copper blocks but also for blocks pertaining to critical minerals and rare earth minerals. "For example, if there is a critical mineral block or REE put up for auction by the Ministry of Mines & State Government, we will evaluate them and then HCL plans to tie up with PSUs on case to case basis to bid for those blocks, "Sanjiv Kumar Singh, Chairman and Managing Director, HCL told PTI in an interview. The company also plans to enter into pact with Coal India Ltd (CIL) for taking part in activities ...

State-run Hindustan Copper Ltd (HCL) on Monday said a delegation of mining experts from Chile will visit various units of the PSU over the next three weeks to assess mining and operational aspects and explore opportunities for knowledge sharing and value addition. This comes after a memorandum of understanding (MoU) between HCL and CODELCO in the presence of the Prime Minister Narendra Modi and President of Chile Gabriel Boric Font, in April. "HCL welcomed a delegation from CODELCO (Corporacin Nacional del Cobre), the state-owned copper mining company of Chile, in New Delhi early today. In a first-of-its-kind mission in India, experts from the Chilean Copper major will be visiting all HCL units and offices across the country to assess various mining and operational aspects," the PSU said in a statement. The pact focuses on sharing knowledge and best practices to facilitate exploration, mining, and mineral beneficiation, along with employee training and capacity building. Mines ...

Metal stock rally: The Nifty Metal index rose as much as 1.67 per cent to hit an intraday high of 9,185.20.

CLOSING BELL: Sectorally, the broad-based rally saw the Nifty Auto index ending with 2-per cent gain, and the Nifty Metal index with 1.6-per cent rally

At 01:13 PM; the Nifty Metal index, the largest loser among the sectoral indices, was down 2.2% as compared to 0.36% decline in Nifty 50 index.