Hindustan Copper Limited has secured a major mining opportunity after being declared the preferred bidder for the Baghwarikhirkhori Copper and Associated Mineral Block in Madhya Pradesh. The company announced this development through a regulatory filing dated January 24, 2026.

Auction Details and Process

The mining block auction was conducted under the Notice Inviting Tender (NIT) dated October 31, 2025, for the 'Grant of Mining Lease and Composite Licence for Government of Madhya Pradesh'. The tender was issued by the Directorate of Geology and Mining MP, Government of Madhya Pradesh.

Winning Bid and Selection

Hindustan Copper Limited emerged as the successful bidder by submitting the highest final price offer in the forward e-auction process. The company's competitive bid secured its position as the preferred bidder for this copper mining block, which includes associated minerals.

The forward e-auction was successfully concluded on January 22, 2026, with the official communication regarding the company's selection received on January 24, 2026. This selection process was conducted in accordance with the established tender procedures for mining lease grants in Madhya Pradesh.

Regulatory Compliance

The company has disclosed this material development in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made through official communication to both BSE Limited and National Stock Exchange of India Limited.

The regulatory filing was signed by Mritunjay Kumar Dev, Company Secretary and Compliance Officer, ensuring proper disclosure of this significant corporate development to stakeholders and the investing public.

Hindustan Copper Limited has announced the promotion of four senior executives to General Manager positions, effective 23.01.2026. The company informed stock exchanges about these strategic appointments under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Executive Promotions Overview

The four executives promoted to General Manager roles represent key functional areas of the organization:

Key Appointee Profiles

Mining Leadership

Shri Salil Kumar Nag brings extensive underground mining expertise, having joined as Graduate Engineer Trainee (Mining) in 1995. His experience spans underground metal mining operations, mine planning at Kolihan Copper Mine, and key contributions to the company's mine expansion programme.

Metallurgical Operations

Shri Virender Kumar Indra, a metallurgical engineering graduate from NIT Rourkela, started his career at Bhilai Steel Plant, SAIL in 1993 before joining Hindustan Copper Limited in 1996. His expertise covers copper smelting, mineral processing, production management, and concentrate handling across multiple units including KCC Smelter and Gujarat Copper Project.

Administrative Functions

Shri Sanjay Shivdarshi combines military background from CISF (1991-1995) with comprehensive HCL experience since 1995. His career progression includes security management, HR leadership, and administrative transformation across various units including ICC Ghatsila, TCP, and Malanjkhand Copper Project.

Financial Management

Shri Dinesh Grover, a qualified Cost and Management Accountant and Company Secretary, brings 35+ years of diversified experience across finance, audit, costing, and corporate accounts. His tenure includes managing financial operations for business with annual sales turnover of approximately ₹2,300.00 crore.

Regulatory Compliance

The promoted executives fall under the 'Senior Management' category as defined in Regulation 16(1)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that none of the promoted executives are related to any Key Managerial Personnel or Directors of Hindustan Copper Limited.

Strategic Significance

These promotions strengthen the company's leadership across critical operational areas including mining operations, metallurgical processes, administrative functions, and financial management. The appointments reflect internal talent development and succession planning within the government enterprise.