Hindustan Copper Ltd. has recorded a substantial block trade on the National Stock Exchange (NSE), highlighting significant institutional trading activity in the copper mining company's shares.

Block Trade Details

The transaction details demonstrate the scale of institutional interest in Hindustan Copper Ltd.:

Market Significance

Block trades represent large-volume transactions typically executed by institutional investors, mutual funds, or other significant market participants. These trades are conducted outside the regular market to minimize price impact and ensure efficient execution of substantial orders.

The transaction price of ₹563.00 per share for approximately 333,995 shares indicates considerable institutional activity in Hindustan Copper Ltd. Such block trades often reflect portfolio rebalancing, strategic investments, or significant stake changes by institutional investors.

Trading Activity Impact

The ₹18.80 crore transaction represents meaningful trading volume for Hindustan Copper Ltd., demonstrating active institutional participation in the stock. Block trades of this magnitude typically indicate confidence in the company's fundamentals or strategic positioning within institutional portfolios.

Hindustan Copper Limited has announced a significant change in its senior management structure with the departure of a key executive to another public sector enterprise.

Management Transition Details

Shri Anil Kumar Singh has ceased to be General Manager (M&C) at the Corporate Office of Hindustan Copper Limited, effective January 6, 2025. The cessation occurred following Singh's selection for the position of Director (Commercial) at National Aluminium Company Limited, marking a career advancement within the public sector metals industry.

Regulatory Compliance

The announcement has been made in strict compliance with regulatory requirements. Shri Singh was classified among the 'Senior Management' of HCL under Regulation 16(1)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This classification necessitated the formal disclosure to stock exchanges under Regulation 30 of the same SEBI regulations.

Corporate Communication

The disclosure was communicated to both major Indian stock exchanges through an official letter dated January 6, 2025. The communication was addressed to BSE Limited and National Stock Exchange of India Limited, ensuring comprehensive market notification. The letter was digitally signed by Mritunjay Kumar Dev, Company Secretary and Compliance Officer of Hindustan Copper Limited.

Company Information

Hindustan Copper Limited, a Government of India enterprise, operates from its registered and head office at Tamra Bhavan, Kolkata. The company trades on BSE with scrip code 513599 and on NSE under the symbol HINDCOPPER. As a public sector undertaking in the non-ferrous metals sector, the company maintains strict adherence to regulatory disclosure requirements for senior management changes.