Hindustan Copper Ltd

Hindustan Copper Limited Share Price Today

Hindustan Copper Limited is a Miniratna Central Public Sector Enterprise (CPSE) administered by the Ministry of Mines, Government of India. The firm was founded on November 9, 1967, under the Companies Act of 1956. It was formed as a Government of India Enterprise to acquire all plants, projects, schemes, and studies related to the discovery and development of copper reserves, including Khetri Mines, from National Mineral Development Corporation Limited.

History of Hindustan Copper Limited 

In March 1972, the Government of India nationalized Indian Copper Corporation Limited, the only private-sector copper producer, at Ghatsila, Jharkhand, and transferred management and ownership to Hindustan Copper Limited. The Malanjkhand Copper Project (MCP), which included a massive, highly mechanized open pit mine and a Concentrator facility, was dedicated to the country in November 1982. In December 1989, Hindustan Copper Limited's Taloja Copper Project (TCP) commissioned its Continuous Cast Copper Rod Plant. In 2015-16, HCL purchased the Gujarat Copper Project (GCP), a secondary smelting and refining facility with an annual capacity of 50,000 tonnes of cathode production. You can track the share price of Hindustan copper limited with BlinkX for more insights.

Segments of Hindustan Copper Limited 

Parts of the mines and plants owned by Hindustan Copper Limited are dispersed among five operational units, one in each of the following states: Rajasthan, Madhya Pradesh, Jharkhand, Maharashtra, and Gujarat.

• Malanjkhand, Madhya Pradesh is home to the Malanjkhand Copper Project (MCP).
• Indian Copper Complex (ICC) at Ghatsila, Jharkhand
• Khetri Copper Complex (KCC) at Khetri Nagar, Rajasthan
• Maharashtra's Taloja Copper Project (TCP)
• Jhagadia, Gujarat is home to the Gujarat Copper Project (GCP).

Outlook of Hindustan Copper Limited 

The Company intends to increase its mining capacity from 4.0 million tons per year to 12.2 million tons per year in phase I (currently under implementation), and then from 12.2 million tons per year to 20.2 million tons per year in phase II through expansion of existing mines, reopening of closed mines, and the opening of new mines. 

The Indian Copper Complex (ICC) in Ghatsila, Jharkhand, consists of two active underground mines, Surda and Kendadih, as well as an ore beneficiation plant. Another mine, Rakha, which closed in 2001 owing to economic unviability, will be reopened soon under the MDO route, coupled with the development of a new mine in the adjacent Chapri Block. Apart from the aforementioned, there are smelters, refineries, and other affiliated facilities capable of producing refined copper at a capacity of 18,500 tons per year, as well as other byproducts.

The Malanjkhand Copper Project (MCP) in Madhya Pradesh consisted of an open pit mine and an ore beneficiation plant. The open pit mine is nearing the end of its existence, and an underground mine with an annual ore production capacity of 5.0 million tonnes is being developed beneath it. An ore beneficiation plant with a comparable capacity will also be built there.

Taloja Copper Project (TCP) at Taloja, Maharashtra, is a Continuous Cast Copper Rod factory with an installed capacity of 60,000 tonnes per year based on South wire Technology for the conversion of refined copper into wire rod. Gujarat Copper Project (GCP) in Bharuch, Gujarat, is a secondary smelting and refining facility with an installed annual capacity of 50,000 tonnes to produce LME Grade "A" equivalent refined copper using the secondary smelting and refining process.

Key Personnel of Hindustan Copper Limited 

• Arun Kumar Shukla is the Chairman and MD of the company 
• Ghanshyam Sharma is the Director of Finance in the company.
• Sanjiv Kumar Singh Director of Mining in the company.
• Sanjay Panjiyar Director of Operations in the company.
• C S Singhi is the company’s Secretary & Compliance Officer.
• The company’s independent directors are Hemlata Verma, Avinash Janardan Bhide, and Annadevara Gurunadha Krishna Prasad.

Financial Statements of Hindustan Copper Limited

• Hindustan Copper Limited’s consolidated net profit fell 5.61% to Rs 124.75 crore in Q4 FY24 against Rs 132.17 crore posted in Q4 FY23.
• The company’s revenue from operations rose marginally on YoY basis to Rs 565.37 crore in the quarter ended 31 March 2024.