Hindustan Copper Ltd.HINDCOPPER₹280.05 +12.66%

Shares of Hindustan Copper Ltd. jumped over 12%, reaching an intraday high of ₹282.40 apiece, after the company announced a ₹2,000 crore expansion plan aimed at ramping up copper production over the next 5–6 years.

Expansion Roadmap

HCL is set to implement a series of mine development and capacity expansion projects across its key assets in Jharkhand, Rajasthan, and Madhya Pradesh. The plan includes:

  • Expansion of the Malanjkhand Copper Project through a new underground mine, paste fill plant, and concentrator.
  • Increased mining and concentrator capacity at the Khetri Copper Complex.
  • Reopening of the Rakha and Kendadih mines under the Indian Copper Complex, along with capacity upgrades at Surda.

With these measures, HCL’s ore mining capacity is projected to rise from 3.47 million tonnes in FY25 to over 12 million tonnes by FY31.

Growing Copper Reserves

The company has significantly boosted its resource base, adding around 123 million tonnes of copper ore reserves over the past two years. HCL also plans to participate in upcoming mineral auctions in India and explore opportunities abroad.

Additionally, HCL has signed collaborations with CODELCO, Chile, the world’s largest copper producer, for knowledge sharing in mining and beneficiation, and has entered MoUs with Indian PSUs like RITES, IOCL, Coal India, and GAIL to expand its mining portfolio.

India’s copper demand is poised for strong growth, driven by infrastructure projects, renewable energy, electric vehicles, and urbanisation. Government programmes such as Make in India, Smart Cities, Renewable Energy targets, and the PM-EV drive are expected to further fuel copper consumption.

In Q1FY26, HCL reported revenue from operations of ₹141.19 crore, up from ₹33.85 crore in FY21, reflecting its improving scale. 

Over the last three and five years, this stock has given multibagger returns of more than 130% and 645%, respectively.

Note: The stock prices mentioned are as of 3:30 pm.

Disclaimer

Investments in securities market are subject to market risks, read all the related documents carefully before investing. This is for informational purposes and should not be considered as recommendations.

Kindly refer to  https://share.market/ for more details.

PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887, and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226. 

Registration granted by SEBI, enlistment as Research Analyst, and Certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors

Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.