Hindustan Copper Limited (HCL), a prominent player in the Indian copper industry, has announced a significant change in its top leadership. The Ministry of Mines, Government of India, has appointed Shri RVN Vishweshwar as the new Director (Finance) of the company.

Key Highlights of the Appointment

• Appointee: Shri RVN Vishweshwar
• Current Position: Executive Director (Corporate Finance & Treasury) at Indian Oil Corporation Limited (IOCL)
• New Role: Director (Finance) at Hindustan Copper Limited
• Appointment Date: Effective from the date of assuming charge
• Tenure: Until superannuation on July 31, 2029, or until further orders, whichever is earlier

Appointment Details

The appointment comes through an order from the Ministry of Mines, dated July 25, 2025. According to the company's filing with the stock exchanges, Shri Vishweshwar is yet to assume charge of his new position as Director (Finance) at HCL.

Company's Statement

Mritunjay Kumar Dev, Company Secretary & Compliance Officer of Hindustan Copper Limited, stated in the regulatory filing, "Consequent upon assumption of charge by Shri RVN Vishweshwar, requisite details in terms of provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 will be informed to the exchange separately."

Impact and Expectations

This high-level appointment is expected to bring fresh perspectives to Hindustan Copper's financial strategies, given Shri Vishweshwar's extensive experience in corporate finance and treasury management at Indian Oil Corporation Limited, one of India's largest commercial enterprises.

The move comes as part of the ongoing efforts to strengthen the leadership team at Hindustan Copper Limited, potentially aiming to enhance the company's financial performance and strategic positioning in the copper industry.

Investors and industry observers will be keenly watching how this new appointment might influence the company's financial policies and overall performance in the coming years.

Hindustan Copper Limited will provide additional details to the stock exchanges once Shri Vishweshwar officially assumes his new role. Stakeholders are advised to stay tuned for further updates on this significant leadership change.

Hindustan Copper Ltd (HCL) has embarked on a significant collaboration with Chile's CODELCO, aiming to substantially enhance its production capacity. This strategic partnership, formalized through a Memorandum of Understanding (MoU) signed on March 1, 2025, marks a pivotal step in HCL's ambitious growth plans.

Knowledge Exchange and Operational Review

The collaboration between HCL and CODELCO, one of the world's largest copper producers, is set to facilitate a robust exchange of technical expertise and best practices. As part of this initiative:

• HCL executives are scheduled to visit CODELCO's mines in Chile, providing them with firsthand exposure to advanced copper mining techniques and operations.
• A delegation from CODELCO is currently in India, conducting a comprehensive review of HCL's existing operations. This on-ground assessment is expected to yield valuable insights for potential improvements and optimizations.

Targeting Significant Production Boost

The partnership aligns with Hindustan Copper's ambitious target of ramping up its production capacity to 12 Million Tonnes Per Annum (MTPA) by 2030. This goal represents a substantial increase from the company's current production levels and underscores HCL's commitment to playing a larger role in the global copper market.

Strategic Implications

This collaboration between Hindustan Copper and CODELCO is poised to bring several benefits:

1. Technical Expertise: Access to CODELCO's advanced mining techniques and operational knowledge could significantly enhance HCL's efficiency and productivity.
2. Operational Improvements: The review of HCL's operations by CODELCO experts may lead to the identification and implementation of best practices, potentially streamlining processes and reducing costs.
3. Global Competitiveness: By partnering with a world leader in copper production, HCL is positioning itself to compete more effectively in the international copper market.
4. Sustainable Growth: The focus on sharing best practices could also encompass sustainable mining techniques, aligning with global trends towards responsible resource extraction.

As Hindustan Copper Ltd works towards its ambitious production targets, this partnership with CODELCO represents a strategic move to leverage international expertise and drive growth in India's copper sector. The success of this collaboration could have far-reaching implications for HCL's future market position and operational capabilities.