Latest news with #HindustanCopperLtd
Time of India
23-07-2025
- Business
- Time of India
Meet on mineral sector begins in JSR
Jamshedpur: The three-day conference on 'Emerging Trends In Minerals Beneficiation' (ETMB-2025) began at the CSIR-NML in Jamshedpur on Wednesday. The event brings together experts from academia, industry, and research to explore innovative solutions for the future of India's mineral sector. The CMD of Hindustan Copper Ltd Sanjiv Kumar Singh, inaugurated the conference. He highlighted the importance of beneficiation of India's journey towards self-reliance in the mineral sector and environmental stewardship.
Business Standard
09-07-2025
- Business
- Business Standard
Sharda Motor Industries Ltd leads losers in 'A' group
Union Bank of India, Brigade Enterprises Ltd, Hindustan Copper Ltd and GAIL (India) Ltd are among the other losers in the BSE's 'A' group today, 09 July 2025. Union Bank of India, Brigade Enterprises Ltd, Hindustan Copper Ltd and GAIL (India) Ltd are among the other losers in the BSE's 'A' group today, 09 July 2025. Sharda Motor Industries Ltd tumbled 4.20% to Rs 1081.5 at 14:46 stock was the biggest loser in the BSE's 'A' the BSE, 13595 shares were traded on the counter so far as against the average daily volumes of 9815 shares in the past one month. Union Bank of India crashed 3.93% to Rs 144.35. The stock was the second biggest loser in 'A' the BSE, 12.17 lakh shares were traded on the counter so far as against the average daily volumes of 3.84 lakh shares in the past one month. Brigade Enterprises Ltd lost 3.87% to Rs 1078.3. The stock was the third biggest loser in 'A' the BSE, 13159 shares were traded on the counter so far as against the average daily volumes of 9931 shares in the past one month. Hindustan Copper Ltd plummeted 3.85% to Rs 263.15. The stock was the fourth biggest loser in 'A' the BSE, 4.88 lakh shares were traded on the counter so far as against the average daily volumes of 5.19 lakh shares in the past one month. GAIL (India) Ltd slipped 3.82% to Rs 185.3. The stock was the fifth biggest loser in 'A' the BSE, 10.59 lakh shares were traded on the counter so far as against the average daily volumes of 5.97 lakh shares in the past one month.
Business Standard
09-07-2025
- Business
- Business Standard
Hindustan Copper Ltd slips for fifth straight session
Hindustan Copper Ltd is quoting at Rs 263.85, down 3.62% on the day as on 13:19 IST on the NSE. The stock tumbled 20.99% in last one year as compared to a 4.93% rally in NIFTY and a 3.72% fall in the Nifty Metal index. Hindustan Copper Ltd dropped for a fifth straight session today. The stock is quoting at Rs 263.85, down 3.62% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.01% on the day, quoting at 25523.95. The Sensex is at 83716.85, up 0.01%.Hindustan Copper Ltd has added around 0.08% in last one Nifty Metal index of which Hindustan Copper Ltd is a constituent, has eased around 1.56% in last one month and is currently quoting at 9517.4, down 1.64% on the day. The volume in the stock stood at 122.1 lakh shares today, compared to the daily average of 63.56 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 265.05, down 3.74% on the day. Hindustan Copper Ltd tumbled 20.99% in last one year as compared to a 4.93% rally in NIFTY and a 3.72% fall in the Nifty Metal index. The PE of the stock is 56.43 based on TTM earnings ending March 25.
Time of India
07-07-2025
- Business
- Time of India
Hindustan Copper scouting for copper, critical mineral assets in India and overseas; eyes Chile for global push
New Delhi: State-owned Hindustan Copper Ltd (HCL) is ramping up efforts to expand its presence in copper and critical mineral exploration, both in India and globally, amid growing demand for strategic metals. The company has formed a dedicated internal team to carry out due diligence and identify prospective domestic and international mineral blocks, a senior official told ET EnergyWorld. 'Our long-term strategy is to ensure mineral security by expanding our footprint beyond India and tapping into geographies with large resource bases,' the official said. 'This includes participating in upcoming auctions in India and evaluating development opportunities overseas.' Chile, the world's top copper producer, has emerged as a key focus in HCL's overseas plan. A five-member delegation from Chile's state-run copper major CODELCO is currently visiting India until July 11 to explore cooperation opportunities under a bilateral agreement signed earlier this year. Led by CODELCO's Director of South Chile & International Explorations, Angelo Giovanni Giuseppe Aguilar Catalano, the delegation is visiting multiple HCL units to assess operational capabilities, examine workflows, and review technology readiness. According to officials, the Chilean team will submit an interim assessment report on July 10 based on their on-ground observations. The visit is part of the follow-up to a memorandum of understanding (MoU) signed between HCL and CODELCO in April, in the presence of Prime Minister Narendra Modi and Chilean President Gabriel Boric Font. The MoU aims to facilitate deep exploration, value addition, and technical collaboration in copper mining and development. 'This partnership with CODELCO is strategically significant,' said Sanjiv Kumar Singh, Chairman and Managing Director of Hindustan Copper. 'It is structured to focus on deep exploration by leveraging CODELCO's global expertise to locate deeper ore bodies and enhance our internal technical capacity. We are also evaluating the possibility of forming a joint venture for copper block development in Chile.' The Chilean delegation includes specialists from multiple domains—Jose Ramom Abatte Perez (Innovation & Technology), Carlos Abelardo Vilches Donoso (Tailing Management), Jorge Luis Espindola Landa (Geotechnical Engineering), and Sergio Jonathan Pichott Heriquez (Geometallurgy)—who are conducting technical assessments across HCL's key mining operations. On the domestic front, HCL is preparing to participate in the Ministry of Mines' upcoming auctions for copper, rare earths, and other critical mineral blocks. 'We are actively tracking the auction pipeline and will evaluate each opportunity based on geological viability and long-term strategic relevance,' the senior official said. India's refined copper consumption stood at about 1.3 million tonnes in FY24 and is expected to double to nearly 2.6 million tonnes by 2030. This surge is driven by demand from sectors such as renewable energy, electric vehicles, electronics, construction, and grid expansion. 'Copper is going to be a key enabler of India's clean energy ambitions and digital infrastructure,' Singh said. 'To meet this challenge, we are expanding our production footprint and also working to increase our reserve base, which currently stands at around 750 million tonnes as of 2024.' As part of its ongoing capacity expansion, HCL has committed ₹2,000 crore to increase its ore output from 4 million tonnes per annum (MTPA) to 12.2 MTPA by FY31. The company is also reviving key mining projects in Jharkhand and Rajasthan to boost domestic supply and reduce import dependence.
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Business Standard
06-07-2025
- Business
- Business Standard
Hindustan Copper to build new ₹400 crore concentrator plant in MP: CMD
Hindustan Copper Ltd looks to build a new ₹400-crore concentrator plant with 3 million tonnes per annum capacity at Malanjkhand in Madhya Pradesh in the next two-three years as part of plans to triple its ore production capacity, a top company official said. The state-run company expects to start the construction work on the new facility next year. It has a 2.5 million tonnes per annum (MTPA) concentrator plant at Malanjkhand currently. A concentrator plant processes mined ore to separate valuable minerals from waste rock. The facility produces a concentrated product containing a higher proportion of desired minerals. The concentrated product is then sent to further processing stages, such as smelting or refining, to produce the final metal or mineral. In an interview with PTI, Hindustan Copper Ltd (HCL) Chairman and Managing Director Sanjiv Kumar Singh said that state-run consultancy firm Mecon is preparing a tender document and technical design for the plant which will have a capacity of 3 MTPA. The construction of the plant, Singh said, is likely to begin next year. The company plans to fund the plant through internal resources. A company official said that the company is also planning to come up with another concentrator plant with a capacity of 3 MTPA at the Rakha mine in Jharkhand. The company currently operates Malanjkhand Copper Concentrator Plant in Madhya Pradesh, Ghatshila Concentrator Plant in Jharkhand and Khetri concentrator plant in Rajasthan. The state-owned firm plans to triple its ore production capacity from the current 4 MTPA to 12.2 MTPA by 2030-31. Hindustan Copper is engaged in copper ore mining and holds all the operating mining leases for copper ore in the country. The company recorded its highest-ever revenue from operations at Rs 2,070.97 crore in FY 2024-25, reflecting a robust year-on-year increase of 21 per cent from Rs 1,717 crore in FY 2023-24. Its Profit After Tax rose by 42 per cent to Rs 468.53 crore in FY25, up from Rs 295.41 crore in FY24. The company is currently focused on the exploration, mining, and beneficiation of copper ore to produce and sell copper concentrate, which gives it better profitability in this dynamic market. HCL operates copper mines at Malanjkhand, Khetri and Ghatsila.
