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Hindustan Copper to invest around Rs 5,000 crore over next four years: Report

23 Aug 2017 Evaluate

Hindustan Copper is reportedly looking to invest around Rs 5,000 crore over the next four years as it makes a strategic shift to value-added products and ramps up mine capacity three-fold.  As part of the plan, the country’s only integrated copper producer is awaiting CCEA approval for setting up a Rs 3,025-crore plant to manufacture copper carhodes using advanced hydro metallurgy technology.

The company had earlier signed a Memorandum of Understanding (MoU) with Mishra Dhatu Nigam (MIDHANI), a CPSE under the Ministry of Defence on July 22, 2017. The MoU was for a joint collaboration in area of production of Copper-Nickel tubes and related items.

Hindustan Copper’s principal activities include mining of copper ore, concentration of copper ore into copper concentrate through a beneficiation process and also smelting, refining and extruding of the copper concentrate into refined copper in downstream saleable products.


Hindustan Copper Share Price

563.80 -9.20 (-1.61%)
12-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1041.70
Vedanta 305.00
Hindustan Zinc 641.55
Jain Resource Recycl 541.80
Gravita India 1685.90
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