Shares of Hindustan Copper Ltd surged 3% on 11 April after the company announced the commencing of copper ore production at the Kolihan copper mine of Khetri copper complex, Khetrinagar, Rajasthan.
In its regulatory filing, the company said, “It is informed that ore production at Kolihan copper mine of Khetri copper complex, Khetrinagar, Rajasthan (a unit of Hindustan copper Ltd) has resumed today i.e. 10.04.2025.”
The company had executed an agreement with Corporación Nacional del Cobre, Chile, at the beginning of the month for cooperation and exchange of information that was duly organised and incorporated under the laws of the Republic of Chile.
In its filing, it added that the agreement aims to explore potential joint initiatives in the export, development, and beneficiation of mineral and mining assets. The focus is on identifying opportunities where both parties can collaborate strategically, leveraging shared knowledge and expertise to strengthen their capabilities in the sector. It’s important to note that the agreement is not legally binding but outlines the current intent of both companies to work together.
Established in 1967, HCL is India’s only vertically integrated copper producer and operates under the Ministry of Mines as a central public sector enterprise (CPSE). The company oversees the complete copper production chain—from mining and beneficiation to smelting and refining.
HCL operates major facilities across five key locations in India: the Malanjkhand Copper Project in Madhya Pradesh, the Khetri Copper Complex in Rajasthan, the Indian Copper Complex in Jharkhand, the Taloja Copper Project in Maharashtra, and the Gujarat Copper Project in Gujarat.
While copper concentrate is its primary product, HCL also manufactures refined copper products such as copper cathodes and continuous-cast copper rods. The company’s by-products include anode slime, copper sulfate, and sulfuric acid.
At 3:30 pm, the shares of Hindustan Copper closed 1.41% higher at Rs 199 on NSE.
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