SYNOPSIS: Board of this Miniratna company approved a Rs. 469.55 crore turnkey project for a 3.0 MTPA copper concentrate plant at Malanjkhand, to be executed by Ardee Engineering within 27 months.
During Wednesday’s trading session, shares of a Schedule ‘A’ Mini-Ratna, Category-I Central Public Sector Enterprise (CPSE) under the administrative control of the Ministry of Mines surged around 8.4 percent on BSE, after its Board approved the proposal to place work order worth about Rs. 469.55 crore order for Malanjkhand Copper Project (MCP).
With a market cap of Rs. 47,365 crores, shares of Hindustan Copper Limited were currently trading in the green at Rs. 489.95 on BSE, up by around 8 percent, compared to its previous closing price of Rs. 454.45. The stock has delivered multibagger returns of around 121 percent in one year, but has fallen by about 15 percent in the last one month.
What’s the News:
As per the latest disclosures with the stock exchanges, the Board of Directors of Hindustan Copper Limited, at its 461st meeting held on 30th March 2026, the proposal to place work order to Ardee Engineering Limited for the construction of a new 3.0 MTPA copper concentrate plant at the Malanjkhand Copper Project (MCP) in Madhya Pradesh.
The project will be executed on a turnkey basis, with an estimated cost of Rs. 469.55 crore (plus GST), and is scheduled to be completed within a period of 27 months.
Financials & More:
Hindustan Copper reported a significant growth in revenue from operations, experiencing a year-on-year increase of around 109 percent, from Rs. 328 crores in Q3 FY25 to Rs. 687 crores in Q3 FY26. Likewise, its net profit increased during the same period from Rs. 63 crores to Rs. 156 crores, representing an impressive rise of about 148 percent YoY.
Over the next 5-6 years, HCL plans to invest around Rs. 2,000 crores in capex, supported by an expanded exploration budget that has added 123 million tonnes of additional copper ore reserves and resources in the past two years, with further additions expected.
Hindustan Copper Limited, a Miniratna Category-I Enterprise of the Government of India (GoI) under the administrative control of the Ministry of Mines, is engaged in the business of exploration, exploitation, and mining of copper, along with minerals beneficiation, smelting and refining operations. Its primary business involves mining and processing copper ore into Metal-In-Concentrate (MIC).
HCL operates major copper mines and concentrator plants at the Malanjkhand Copper Project (MCP) in Madhya Pradesh, Khetri Copper Complex (KCC) in Rajasthan, and the Indian Copper Complex (ICC) in Ghatsila, Jharkhand. It also has smelting and refining facilities at ICC and the Gujarat Copper Project in Gujarat (GCP) for the production of copper cathode. These cathodes are further processed into copper wire rod at the Taloja Copper Project (TCP) in Maharashtra.
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