Hindustan Copper Limited has reported a fatal workplace incident at its Khetri Copper Complex located in District Jhunjhunu, Rajasthan. The incident occurred on 17.04.2026 at the Process Plant, resulting in the death of one contractual employee.

Incident Details

The fatality involved a contractual employee who was engaged by a civil contractor working at the facility. The company has expressed deep mourning over the unfortunate event in its regulatory filing.

Operational Impact

Despite the tragic incident, Hindustan Copper Limited confirmed that there was no disruption in the operations of the plant. The company's production activities at the Khetri Copper Complex continued without interruption.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was filed on 18.04.2026 by Company Secretary and Compliance Officer Mritunjay Kumar Dev.

The Khetri Copper Complex operates as a unit of Hindustan Copper Limited, which is a Government of India enterprise engaged in copper mining and processing operations across multiple locations in the country.

Hindustan Copper has issued an official clarification to stock exchanges regarding media reports about potential joint venture discussions with Codelco Chile. The company emphasized that while a formal cooperation agreement exists, no active negotiations for joint venture formation are currently underway.

Formal Cooperation Agreement Framework

The company disclosed that it executed a cooperation and exchange of information agreement with Corporacion Nacional Del Cobre De Chile (Codelco) on April 1, 2025. This agreement aims to identify and implement joint activities, including strategic partnerships in exploration, exploitation of mining properties, and mineral beneficiation.

Current Operational Activities

Following the agreement, a Codelco team comprising geology, exploration, tailing management, geotechnical engineering, and innovation experts visited Hindustan Copper's corporate office and mining sites across Rajasthan, Madhya Pradesh, and Jharkhand during June-July 2025.

Future Exploration Plans

Codelco has shared details of certain exploration projects in Chile, and Hindustan Copper plans to visit these exploration sites with its MOU partners. The company stated that upon successful exploration and project viability assessment, these assets could be exploited jointly through negotiations as per Chilean Mining code and the existing collaborative agreement.

Regulatory Compliance Statement

The company confirmed no material impact from current activities and stated it remains unaware of any undisclosed information that could explain recent trading movements. Hindustan Copper emphasized its commitment to maintaining highest standards of governance and regular disclosure compliance under SEBI regulations.

Any material developments regarding the Chile exploration projects will be communicated to stock exchanges within prescribed timelines, the company assured in its regulatory filing.