Hindustan Copper Ltd signed a non-binding Memorandum of Understanding in 2025 with Coal India Ltd to collaborate on copper and critical mineral value chains, as Coal India Ltd pursues overseas critical mineral assets and diversification beyond coal.

The Government of India, through the Department of Investment and Public Asset Management, will sell up to 6% equity in Hindustan Copper Limited via an offer for sale at a floor price of Rs 514 per share, comprising a 3% base offer and an additional 3% green shoe option in case of oversubscription, with 10% of the offer reserved for retail investors and 25,000 shares reserved for eligible employees.

Hindustan Copper Ltd said in a regulatory filing it plans capital investment of over Rs 7,000 crore over the next five to six years to expand its copper and critical minerals business. The state-owned company said it added 135.52 million tonnes of copper ore reserves and resources in the past three years, holds all operating copper ore mining leases in India and about 45 per cent of national reserves, and will pursue new deposits in India and overseas while reopening closed mines. Hindustan Copper Ltd also announced a collaboration with Chile's state-owned CODELCO for capacity building and technical cooperation and signed memoranda of understanding with RITES, Indian Oil Corporation, Coal India, Oil India and GAIL.

Anand Rathi has maintained a Buy rating on Hindustan Copper Limited with a DCF-based target price of Rs715, keeping FY27/28 MIC estimates unchanged at 35,429 tonnes and 42,751 tonnes versus management guidance of ~32,000 tonnes in FY27, and revising FY27 metal estimates by 1.6% and forex assumptions by 0.4% and 1.4% for FY27 and FY28 amid tight global copper inventories and elevated prices.

Hindustan Copper Limited reported standalone results for the quarter ended June 2026 with net sales of Rs 936.50 crore, up 81.36% from Rs 516.37 crore a year earlier, net profit of Rs 352.61 crore, up 162.59% from Rs 134.28 crore, EBITDA of Rs 524.62 crore, up 136.01% from Rs 222.29 crore, and EPS of Rs 3.65 versus Rs 1.39.