Hindustan Copper , a prominent player in the Indian copper industry, has seen its shares soar in recent weeks, reflecting the broader uptrend in global copper prices. The stock's performance has caught the attention of investors and market analysts alike.

Stock Performance

Hindustan Copper's stock witnessed a remarkable 4.00% rise on September 30, capping off a strong month that saw the shares gain 18.00% since September 18. This surge has brought the stock price tantalizingly close to its 52-week high of ₹353.00. The stock's momentum has been evident, with positive movements in seven out of the last nine trading sessions.

September Rally

September has proven to be a standout month for Hindustan Copper, marking its best performance since December. This impressive run aligns with the broader trends in the global copper market, where prices have reached a two-month high.

Global Copper Market Dynamics

The global copper market has experienced significant developments:

• Copper prices posted a 5.00% gain in September, the strongest monthly performance since September of the previous year.
• Supply disruptions have played a crucial role in supporting prices, with Freeport-McMoRan declaring force majeure at Indonesia's Grasberg mine.
• Analysts at Societe Generale have noted that the market could face its largest annual deficit since 2004, indicating a tightening supply-demand balance.

Industry Outlook

Sanjiv Kumar Singh, CMD of Hindustan Copper, has expressed optimism about the future of copper prices. He anticipates that prices will remain firm, citing increased demand driven by AI-related data center expansions.

Company Financials

Hindustan Copper's financial performance is closely tied to global copper prices. The company's sales are structured through annual tenders, which allows it to benefit from favorable market conditions. This pricing mechanism suggests that the recent uptick in global copper prices could potentially have a positive impact on the company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization).

As the copper market continues to evolve, investors and industry observers will be keenly watching Hindustan Copper's performance in the coming months. The interplay between global supply constraints, technological demand drivers, and the company's strategic positioning in the Indian market will likely remain key factors influencing its stock performance and financial results.

Hindustan Copper Limited (HCL), a Government of India Enterprise, successfully conducted its 58th Annual General Meeting (AGM) on September 25, 2025, through video conferencing. The meeting saw robust participation from shareholders, with all 12 resolutions receiving approval.

Key Approvals

Shareholders gave their nod to several crucial resolutions, including:

1. Adoption of audited financial statements for the year ended March 31, 2025
2. Declaration of dividend for the Financial Year 2024-25
3. Appointment of key personnel:
   • Sanjiv Kumar Singh as Chairman and Managing Director
   • Sanjeev Kumar Sinha as Director (Operations)
   • RVN Vishweshwar as Director (Finance)
   • Ashish Saxena as Government Nominee Director
4. Appointment of secretarial auditors for five years
5. Ratification of cost auditor remuneration
6. Approval to issue secured or unsecured non-convertible debentures on private placement basis

Shareholder Participation

The AGM witnessed strong shareholder engagement:

• 82 shareholders were present, representing:
  • 639.61 crore promoter shares
  • 14.61 lakh public shares

Voting Process

The company ensured a transparent voting process:

• Remote e-voting was available from September 22 to September 24, 2025
• Electronic voting was also conducted during the AGM

Resolution Details

The voting results revealed strong support for all resolutions:

Conclusion

The overwhelming approval of all resolutions demonstrates strong shareholder confidence in Hindustan Copper's management and strategic direction. The successful conduct of the AGM through video conferencing highlights the company's adaptability to modern corporate governance practices.