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Hindustan Copper signs MoU with Hindalco Industries

18 Sep 2020 Evaluate

Hindustan Copper (HCL) has signed a Memorandum of Understanding (MoU) with Hindalco Industries for long-term sale of copper concentrate produced by HCL to Hindalco. Under this MoU, around 60% (copper content) of HCL's current copper concentrate production will be utilized by Hindalco in the manufacture of refined copper.

This partnership between HCL and Hindalco will go a long way in building the domestic copper industry by ensuring efficient utilization of the country's mineral resources in a sustainable manner. With this partnership, HCL will be taking a step towards assuring supply of raw material to the Indigenous copper manufacturers. This will also fulfill the country's mission of make in India and AatmaNirbhar Bharat Abhiyaan.

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

569.60 5.90 (1.05%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1038.95
Vedanta 787.60
Hindustan Zinc 592.35
Jain Resource Recycl 420.90
Gravita India 1639.80
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