Hindustan Copper Limited (HCL) and Oil India Limited (OIL) have taken a significant step towards bolstering India's self-reliance in critical and strategic mineral sourcing. The two state-owned enterprises signed a Memorandum of Understanding (MoU) in New Delhi, marking the beginning of a collaborative effort to explore and develop critical and strategic minerals, including copper and associated minerals, both in India and overseas.

Collaboration Details

The partnership between HCL, a Miniratna PSU under the Ministry of Mines, and OIL, a Maharatna PSU under the Ministry of Petroleum & Natural Gas, aims to leverage their respective expertise in mineral exploration and energy sector operations. The MoU outlines plans for:

• Joint exploration and development of critical and strategic minerals
• Sharing of investments and associated risks in mineral exploration, development, mining, and processing activities
• Cooperation in exploring mineral blocks both domestically and internationally

Strategic Significance

This collaboration aligns with India's National Critical Mineral Mission, supporting the country's objectives to:

• Enhance self-reliance in critical mineral sourcing
• Strengthen energy security
• Advance technological capabilities

Dr. Ranjit Rath, Chairman & Managing Director of Oil India, emphasized the increasing importance of critical minerals, stating that OIL has diversified into this sector alongside its traditional oil and gas portfolio.

Company Profiles

Hindustan Copper Limited (HCL)

A Miniratna PSU engaged in copper mining, production, processing, and marketing. HCL's current focus is on mining and beneficiation of copper ore and selling copper concentrate.

Oil India Limited (OIL)

A Maharatna PSU with expertise in exploration, development, production, and transportation of crude oil and natural gas. OIL has recently expanded its interests to include critical minerals exploration.

Leadership Remarks

Mr. Sanjiv Kumar Singh, Chairman and Managing Director of HCL, and Dr. Ranjit Rath, Chairman & Managing Director of OIL, were present at the MoU signing ceremony, along with senior officials from both companies. The event underscored the strategic importance of this partnership in securing vital mineral resources for India's future.

Market Impact

While the immediate market impact of this partnership remains to be seen, the collaboration between HCL and OIL represents a forward-looking approach to addressing India's critical mineral needs. As the partnership develops, it may potentially influence the domestic copper industry and contribute to the nation's resource security strategy.

This strategic alliance between Hindustan Copper and Oil India marks a significant milestone in India's efforts to secure its supply chain for critical and strategic minerals, potentially reshaping the landscape of mineral exploration and development in the country.

Hindustan Copper Limited (HCL), India's sole vertically integrated copper producer, has scheduled an investor meeting for September 18, 2025, and reported exceptional financial results. The company's performance highlights its strong position in the Indian copper industry and its plans for future growth.

Record-Breaking Financial Performance

HCL has achieved several financial milestones:

• Highest-ever revenue from operations: Rs 2,071.00 crore
• Record profit after tax (PAT): Rs 469.00 crore
• Unprecedented profit before tax (PBT): Rs 634.00 crore
• Largest-ever dividend declared: Rs 141.00 crore

These figures underscore the company's robust financial health and operational efficiency.

Operational Achievements

In addition to its financial success, HCL reported a significant operational achievement:

• Record production from Malanjkhand Mine: 27.25 lakh tonnes of ore

This production milestone demonstrates the company's increasing mining capabilities and efficiency.

Company Overview

Hindustan Copper Limited holds a unique position in India's copper industry:

• Owns all operating copper mining leases in the country
• Possesses copper ore reserves and resources of 755.32 million tonnes
• Government ownership of 66.14%
• Market capitalization of Rs 22,222.00 crore

Expansion Plans

HCL has outlined ambitious expansion plans for the future:

• Aim to increase mining capacity from 4 MTPA to 12.20 MTPA
• Planned capital expenditure of approximately Rs 2,000.00 crore over the next 5-6 years

This expansion strategy is expected to significantly boost HCL's production capabilities and market presence.

Investor Meeting and Corporate Presentation

The company has announced an investor meeting scheduled for September 18, 2025. In preparation for this event, HCL has made a corporate presentation available on its website. Investors and analysts can access this presentation at https://www.hindustancopper.com/Content/PDF/Corporate-Presentation-11.09.2025.pdf .

The presentation is expected to provide detailed insights into the company's performance, strategies, and future outlook. This move demonstrates HCL's commitment to transparency and effective communication with its stakeholders.

As India's copper demand continues to grow, driven by sectors such as infrastructure, renewable energy, and electric vehicles, Hindustan Copper Limited's strong performance and expansion plans position it well to capitalize on these opportunities and contribute to the nation's economic growth.