Hindustan Copper (HCL) is implementing expansion projects to increase mine production capacity to 12.2 million tonnes per annum (MTPA). The move will boost domestic production of copper and reduce dependence on imports. The company achieved ore production of 3.78 million tonnes in FY'24 against 3.35 MT in FY'23, registering a rise of 13 per cent.
The ore production from open cast mine has now exhausted and underground mine is operating below existing open cast mine leaving some barrier pillar. The project has achieved seamless transition from open cast to underground mine in 2023-24 with ramping up of ore production from Malanjkhand Underground mine to 22.48 lakh tonne which is about 60.8 per cent increase with respect to 2022-23.
The proposed expansion of mines at Rajasthan -- Khetri and Kolihan mines--will increase ore production capacity from existing one to three MTPA. The proposed expansion of Surda Mine in Jharkhand will augment its production capacity from 0.4 MTPA to 0.9 MTPA.
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.
| Company Name | CMP |
|---|---|
| Hindalco | 1039.35 |
| Vedanta | 758.50 |
| Hindustan Zinc | 606.25 |
| Jain Resource Recycl | 415.10 |
| Gravita India | 1630.00 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: