Hindustan Copper share price rose up to 3.33% on Friday, April 11, 2025, hitting an intraday high of ₹203 per share. This rise followed the announcement of the resumption of ore production at the Kolihan copper mine in Khetri Copper Complex, Rajasthan. At 2.34 PM, its share price was up 1.20% and was trading at ₹198.60.
In a regulatory filing, HCL stated, “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 mine had been inactive before this announcement.
Earlier in April, HCL signed a cooperation agreement with Corporación Nacional del Cobre, Chile. This deal aims to explore joint activities in the export and development of mining properties and mineral processing.
The agreement focuses on knowledge sharing and enhancing capabilities for both companies. It is not legally binding but expresses current mutual interests.
In Q3 FY25, Hindustan Copper posted a 21.44% drop in consolidated net profit. The net profit stood at ₹63 crore, compared to ₹80.2 crore in Q3 FY24. Revenue from operations also fell to ₹399.3 crore, down from ₹557.04 crore in the same quarter last year.
Founded in 1967, Hindustan Copper is India’s only vertically integrated copper producer. It operates under the Ministry of Mines and manages the full copper production process—from mining to refining.
HCL operates across five major locations: Malanjkhand (Madhya Pradesh), Khetri (Rajasthan), Ghatsila (Jharkhand), Taloja (Maharashtra), and Gujarat. Its main product is copper concentrate, with other refined products like copper cathodes and rods. By-products include anode slime, copper sulfate, and sulfuric acid.
Hindustan Copper’s market capitalisation is ₹19,379.15 crore, and it is part of the BSE 500 index. Its 52-week high stands at ₹415.60, while the low is ₹183.90. As of 11:15 AM on Friday, the stock was trading at ₹200.40, up over 2%, while BSE Sensex rose 1.86% to 75,217.92.
At 3.30 PM, Hindustan Copper share price closed at ₹199, thereby gaining 1.41%.
The resumption of mining activity and international collaboration boosted investor confidence. While recent financials showed a dip, long-term potential remains due to strategic initiatives and domestic strength in copper production.
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Published on: Apr 11, 2025, 3:29 PM IST
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