India’s First PSU Copper Producer Approves Rs 469.55 Crore Turnkey Contract for 3 MTPA Malanjkhand Plant; FII Stake Increases

On Wednesday, Hindustan Copper's share price jumped 9.22 per cent to Rs 496.35 as of 2:51 PM, compared to the previous close of Rs 454.45. The stock has delivered returns of 106.01 per cent over one year, 63.35 per cent over two years, and 361.65 per cent over three years

Hindustan Copper approves Rs 469.55 crore plant expansion at Malanjkhand

Hindustan Copper has approved a new project to expand its operations at the Malanjkhand Copper Project in Madhya Pradesh. In its 461st Board meeting held on March 30, 2026, the company approved the award of a work order to Ardee Engineering Limited for setting up a 3.0 million tonnes per annum (MTPA) copper concentrate plant.

The project will be executed on a turnkey basis over a period of 27 months, with a total cost of Rs 469.55 crore, excluding GST. This development marks a step towards enhancing the company’s processing capacity and strengthening its presence in the copper production segment.

Hindustan Copper Shareholding Pattern: FIIs Increase Stake

As of December 2025, the shareholding pattern shows that promoter holding remained unchanged at 66.14 per cent compared to the previous quarter. Foreign Institutional Investors (FIIs) increased their stake to 6.56 per cent from 5.05 per cent in September 2025. On the other hand, Domestic Institutional Investors (DIIs) reduced their holding to 5.57 per cent from 6.00 per cent in the previous quarter. Public shareholding saw a slight decline to 21.72 per cent from 22.79 per cent. The total number of shareholders increased to 8,51,683 from 6,45,660 in the previous quarter.

About the Hindustan Copper

Hindustan Copper Limited, established in 1967, is a Central Public Sector Undertaking under the Ministry of Mines with its registered office in Kolkata. The company undertakes exploration, mining, beneficiation, SMElting and refining of copper ore, and is the only company mining copper ore in India. It operates key facilities, including the Malanjkhand Copper Project in Madhya Pradesh.

The company has a market capitalisation of Rs 48,196 crore and a book value of Rs 30.9 per share. It has also been maintaining a dividend payout of 30.1 per cent, with a 52-week high of Rs 759.20 and a low of Rs 187.95.

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Disclaimer: The article is for informational purposes only and not investment advice.