Hindustan Copper reports record profits, plans major expansion

Hindustan Copper Limited (HCL) has released its corporate presentation, highlighting significant achievements and future strategies. For FY 24-25, HCL reported its highest-ever PAT of ₹469 Cr, PBT of ₹634 Cr, revenue from operations of ₹2071 Cr, and declared a dividend of ₹141 Cr. Production from the Malanjkhand Mine reached a record 27.25 Lakh Tonne Ore. The company aims to increase its mine capacity from 3.47 Mt in FY 24-25 to 12.2 Mt by FY 30-31, with a capital expenditure of ~ ₹2,000 Cr over the next 5-6 years.

Key expansion projects include the Malanjkhand Copper Project (MCP) with underground mine expansion and a new concentrator plant, the Khetri Copper Complex (KCC) focusing on mining capacity and concentrator plant enhancements, and the Indian Copper Complex (ICC) with the re-opening of Rakha mine and expansion of Surda mine. Additionally, PA & Associates, Chartered Accountants, have been appointed as statutory auditors for FY 2025-26.

India's copper ore reserves stand at 164 million tonnes, with HCL holding 755.32 million tonnes of reserves/resources. The company emphasized the significant growth potential in copper consumption, driven by infrastructure development, electric vehicles, and renewable energy.