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Hindustan Copper awards contract worth Rs 18000 crore for raising its production four-fold

Hindustan Copper Ltd. | Metal - Non Ferrous | Metals & Mining | BSE: 513599 | NSE: HINDCOPPER

30 Dec 2011 Evaluate

State-run Hindustan Copper (HCL) has inked pact with three Chinese companies by awarding five contracts worth Rs 1,800-crore for raising its production four-fold to 12 million tonnes over the next five years.

The company has awarded the engineering, procurement, construction (EPC) contract worth Rs 97 crore to consortium of Maheshwari Mining and Wenzhou Construction Group of China to develop Khetri mines in Rajasthan over a five-year period. HCL had invited tenders for supply and installation of ore handling system and allied excavation at Khetri. It has awarded contract of Rs 256.50-crore for development of a 1.5 MT underground mine in Jharkhand's Chapri-Sideshwar to Maheshwari Mining along with Wenzhou.

Contract worth Rs 206.34-crore for project at HCL's Surda mines in Jharkhand has been bagged by two other Chinese firms, Laiwu Steel Group Mine Construction and Sinosteel Engineering Design & Research Institute of China, which are part of a consortium. Shriram EPC is the lead member of the consortium which will supply and install winders, ore handling system and allied mines development.

A consortium led by IVRCL Infrastructures & Projects has bagged the largest contract of Rs 1,176.12 crore, for expansion of the Malanjkhand mines. The other members of the IVRCL-led consortium are MCCL of Ukraine, Teknomin Constructions Vijaywada and Davy Markham of UK. China Coal Mine Construction Group was one of the companies which had been shortlisted on basis of price bids submitted for the project.

HCL has constructed a detailed plan for development of 5 MT underground mine at Malanjkhand that will contribute the largest chunk in its bid to raise output from 3 MT to 12 MT.

Hindustan Copper Share Price

530.00 7.50 (1.44%)

10-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Hindalco	992.25
Vedanta	745.10
Hindustan Zinc	564.10
Jain Resource Recycl	426.95
Gravita India	1558.65
View more..

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Hindustan Copper awards contract worth Rs 18000 crore for raising its production four-fold

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