Hindustan Copper expands operations with Oil India partnership, Rakha lease extension

Hindustan Copper Limited (HCL) announced a significant Memorandum of Understanding (MoU) with Oil India Limited (OIL) on September 19, 2025. This collaboration aims to explore and develop critical and strategic minerals, including copper, both within India and internationally. The partnership involves sharing investments and risks across exploration, development, mining, and processing of these vital mineral blocks, strengthening India's self-reliance in critical mineral sourcing.

Furthering its operational expansion, HCL confirmed the execution of the Rakha Mining Lease Deed with the District Commissioner (DC), Jamshedpur, on September 19, 2025. This extended lease, granted for a period of 20 years, is a crucial step towards reopening and expanding the Rakha Copper Mine.

In related news, HCL also held an analyst/investor/institutional investor(s) meet on September 18, 2025, in Mumbai. The recording of this meeting is now available on the company's website, providing stakeholders with further insights into HCL's strategic direction and performance.