Shares of Hindustan Copper Ltd surged 3% on 11 April after the corporate introduced the commencing of copper ore manufacturing on the Kolihan copper mine of Khetri copper advanced, Khetrinagar, Rajasthan.
In its regulatory submitting, the corporate stated, “It’s knowledgeable that ore manufacturing at Kolihan copper mine of Khetri copper advanced, Khetrinagar, Rajasthan (a unit of Hindustan copper Ltd) has resumed right now i.e. 10.04.2025.”
The corporate had executed an settlement with Corporación Nacional del Cobre, Chile, firstly of the month for cooperation and change of knowledge that was duly organised and included underneath the legal guidelines of the Republic of Chile.
In its submitting, it added that the settlement goals to discover potential joint initiatives within the export, improvement, and beneficiation of mineral and mining belongings. The main target is on figuring out alternatives the place each events can collaborate strategically, leveraging shared data and experience to strengthen their capabilities within the sector. It’s vital to notice that the settlement isn’t legally binding however outlines the present intent of each firms to work collectively.
Established in 1967, HCL is India’s solely vertically built-in copper producer and operates underneath the Ministry of Mines as a central public sector enterprise (CPSE). The corporate oversees the entire copper manufacturing chain—from mining and beneficiation to smelting and refining.
HCL operates main amenities throughout 5 key places in India: the Malanjkhand Copper Mission in Madhya Pradesh, the Khetri Copper Complicated in Rajasthan, the Indian Copper Complicated in Jharkhand, the Taloja Copper Mission in Maharashtra, and the Gujarat Copper Mission in Gujarat.
Whereas copper focus is its main product, HCL additionally manufactures refined copper merchandise equivalent to copper cathodes and continuous-cast copper rods. The corporate’s by-products embody anode slime, copper sulfate, and sulfuric acid.
At 3:30 pm, the shares of Hindustan Copper closed 1.41% increased at Rs 199 on NSE.
Ask the analyst & get on the spot reply about Hindustan Copper Ltd.
Prepared to take a position like a professional? Unicorn Alerts app equips you with 100+ Free instruments and data you could succeed. Obtain the Unicorn Alerts app and acquire entry to every day inventory lists and insightful market evaluation and way more!
