Copper Miner Sets Out FY30 Ore-Capacity Expansion Targets
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Hindustan Copper has outlined plans to expand ore capacity across three mining complexes by FY30, supported by more than Rs 7,000 crore of planned investment in copper and critical minerals.
✨ Key Takeaways
The available source material does not include the attached document content and therefore provides no current-period financial results, earnings comparison, operating update or management commentary for Hindustan Copper Limited. The disclosed information instead outlines the company’s capacity-expansion strategy, planned investment and operating footprint.
Hindustan Copper is targeting ore capacity of 5.0 million tonnes per annum at its Malanjkhand Copper Project in Madhya Pradesh by FY30, compared with present capacity of 2.5 million tonnes per annum. The company also aims to raise capacity at Khetri Copper Complex in Rajasthan to 3.0 million tonnes per annum from 1.5 million tonnes per annum, while Indian Copper Complex in Jharkhand is targeted to reach 4.2 million tonnes per annum from 0.4 million tonnes per annum.
The three projects would have combined targeted capacity of 12.2 million tonnes per annum under the stated FY30 plan, compared with current combined capacity of 4.4 million tonnes per annum. The expansion programme is supported by planned investment of more than Rs 7,000 crore over the next five to six years in copper and critical minerals.
The investment programme covers mine expansion, exploration, revival of closed mines and concentrator installations. Hindustan Copper has also cited collaboration with CODELCO as part of its growth strategy. Its reported mineral resources stood at 767.36 million tonnes as of April 1, 2025.
The company’s Gujarat Copper Project, a secondary SMElting and refining asset, is currently not operational. Hindustan Copper has issued a letter of intent for the project’s revival under a revenue-sharing model, with production targeted from the fourth quarter of FY27. Its Taloja Copper Project in Maharashtra produces continuous-cast copper wire rods through third-party tolling arrangements.
Hindustan Copper Limited, a Central public sector undertaking under the Ministry of Mines, is India’s only copper miner. Its core business includes exploration, mine development, extraction and beneficiation of copper ore into copper concentrate or metal-in-concentrate, principally supplied to domestic primary copper producers. The company operates mining and beneficiation facilities at Malanjkhand, Khetri and Indian Copper Complex, and reports mining and processing of copper ore into metal-in-concentrate as its single formal operating segment. Copper concentrate, with disclosed grades of 17 per cent to 26 per cent, is its principal product, while its integrated value chain also includes smelting, refining into copper cathodes and production of continuous-cast copper wire rods.
Hindustan Copper Ltd. was at 556.55 (August 26, 2026, 3:55 PM), up 4.38 per cent from the previous close of 533.2. Stock returns were 125.65 per cent (1 year), 68.76 per cent (2 years) and 268.10 per cent (3 years); it outperformed the BSE 500 one-year change of 1.95 per cent. 52-week high/low: 759.20/229.80. FII holdings fell from 6.34 per cent to 5.96 per cent and DII holdings from 5.39 per cent to 4.84 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.