Hindustan Copper

Sept 14 (Reuters) - Happy Square Outsourcing Services Ltd HAPS.NS:

• HAPPY SQUARE OUTSOURCING SERVICES - RECEIVES WORK ORDER FROM HINDUSTAN COPPER WORTH 50.2 MILLION RUPEES

Source text: ID:nNSE6w7gRB

Further company coverage: HAPS.NS

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** Shares of Hindustan Copper HCPR.NS rise 3.7% to 528 rupees as copper prices hit record high

** Benchmark copper CMCU3 on the London Metal Exchange touched a record high of $14,533 a metric ton, last up 0.54% at $14,494

** Prices surged as the prospect of shortages outside the U.S. spurred speculative fund buying, while the softer dollar reinforced positive sentiment

** HCPR set for its best session since Aug. 26

** YTD, HCPR up ~1.5%

(Reporting by Anuran Sadhu in Bengaluru)

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Hindustan Copper’s promoter, the President of India acting through the Ministry of Mines, exercised the full 3% oversubscription option in its offer for sale. The total offer therefore stood at up to 5,80,21,442 shares, or 6% of the company’s paid-up equity, with 10% reserved for retail investors on August 26. A further 25,000 shares were offered to eligible employees through the stock-exchange mechanism. Hindustan Copper reported revenue from operations of ₹3,077.92 crore in FY26 and operated an integrated copper mining and processing business.

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** State-owned copper ore miner Hindustan Copper HCPR.NS shares fall 6.6% to 536.35 rupees

** Government to sell up to 6% stake in co through an offer for sale

** Stake sale at a floor price of 514 rupees per share, a 10.5% discount to Monday's close

** Stock trades at forward 12-months PE of 29.08 vs industry median of 16.02 - LSEG data

** Hindustan Copper's return on equity was 30.6%, compared with 10.3% for peer Hindalco HALC.NS

** YTD, stock up 19% vs 19.3% rise in Nifty Metal Index .NIFTYMET

(Reporting by Abhinav Parmar in Bengaluru)

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Hindustan Copper’s promoter, the President of India acting through the Ministry of Mines, announced an offer for sale of up to 2.90 crore shares, or 3% of the company’s issued equity, on August 25 and 26. The seller retained an option to offer another 2.90 crore shares, taking the potential sale to 6% of the issued capital, with a floor price of ₹514 per share. At least 10% of the offer was reserved for retail investors and 25% for mutual funds and insurance companies, subject to valid bids. Hindustan Copper’s revenue from operations was ₹3,077.92 crore and consolidated profit after tax was ₹918.54 crore in FY26.

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Hindustan Copper's promoter, the President of India acting through the Ministry of Mines, proposed an offer for sale of up to 2,90,10,721 shares, representing 3% of the company's issued and paid-up equity capital. The seller could exercise an additional option for the same number of shares, taking the potential sale to 6%, at a floor price of ₹514 per share. At the floor price, the base offer was worth about ₹1,491 crore and the full potential offer about ₹2,982 crore. Non-retail bidding was scheduled for August 25, followed by retail, employee and carried-forward bids on August 26, with the National Stock Exchange designated for the offer. Hindustan Copper had outlined more than ₹7,000 crore of capital investment over five to six years and targeted ore production of 4.71 million tonnes in FY27, rising to 12.20 million tonnes by FY30.

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Aug 24 (Reuters) - Hindustan Copper Ltd HCPR.NS:

• INDIA'S DIPAM SECY: GOVERNMENT OF INDIA OFFERS TO DIVEST 3% EQUITY IN HINDUSTAN COPPER LIMITED (HCL) THROUGH AN OFFER FOR SALE

• INDIA'S DIPAM SECY: OFS OF HINDUSTAN COPPER HAS AN OPTION TO DIVEST AN ADDITIONAL 3% (GREEN SHOE) IN CASE OF OVERSUBSCRIPTION

• INDIA'S DIPAM SECY- HINDUSTAN COPPER OFS WILL OPEN AT A FLOOR PRICE OF 514 RUPEES PER SHARE

Source text: [ID:]

Further company coverage: HCPR.NS

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Hindustan Copper received a Ministry of Mines order appointing Ashish Kumar Khetan and Madhumita Daolagupu as part-time non-official independent directors. Their terms run for three years from notification or until further orders, whichever is earlier, with statutory formalities still to be completed. The company had lacked independent directors since 3 November 2024 and a woman director since 22 March 2025. Its Q1 FY27 auditors said the Audit Committee could not be validly constituted, while FY26 revenue from operations was ₹3,077.92 crore.

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By Neha Arora

NEW DELHI, Aug 10 (Reuters) - State-run Hindustan Copper HCPR.NS plans to sell copper concentrate produced by mines it is acquiring from Chile's Codelco to Hindalco HALC.NS and Adani, aiming to meet India's growing appetite for the red metal, two sources familiar with the matter said.

It is also in talks to form a joint venture with state-run Codelco to mine and sell copper, three sources said, declining to be identified as the deliberations were confidential.

Hindustan Copper, Coal India COAL.NS and NTPC Mining are in discussions to secure four copper mining blocks from Codelco, India's mines secretary said in April.

Last year, Hindustan Copper signed a preliminary agreement with Codelco about looking at mutually beneficial opportunities in exploration and mining. In May this year, it signed a non-disclosure agreement with Codelco and appointed a deal advisor.

It did not respond to a Reuters request for comment. It has previously denied that it is in talks about a joint venture.

Codelco, NTPC Mining and Coal India also did not immediately respond to a Reuters request for comment.

India, the world's second-biggest refined copper importer, may have to import 91% to 97% of its copper concentrates by 2047, the government has said.

Hindalco, an Aditya Birla Group-owned firm, is one of India's biggest aluminium and copper producers. The Adani conglomerate runs Kutch Copper, a $1.2 billion smelter in the western state of Gujarat that it says is the world's biggest single-location plant of its type.

According to two of the sources, due diligence is ongoing and Hindustan Copper is open to having partners for the JV such as Coal India and NTPC Mining.

Early this year, a technical team from Hindustan Copper and executives from NTPC Mining and Coal India visited Chile, the sources said, adding that it would still take a decade before mining could begin and concentrate is produced.

India plans to include a chapter on copper in free trade pact talks with Chile to secure a fixed quantity of copper concentrate, the government said last year.

India produces an estimated 573,000 metric tons of refined copper annually but demand is much greater at around 1.8 million tons.

(Reporting by Neha Arora; Editing by Edwina Gibbs)

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The government appointed Shri Anupam Misra as the next Chairman and Managing Director of Hindustan Copper, effective from July 1, 2026. Misra, currently Director (Marketing) at Fertilisers and Chemicals Travancore, will lead the state-run copper miner until his retirement in February 2030. The order, issued by the Ministry of Mines, fills the top executive position as the company pursues capacity expansion under its Vision 2030 plan. Misra succeeds Sanjiv Kumar Singh, whose tenure ends shortly.

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By Neha Arora

NEW DELHI, May 19 (Reuters) - India's top copper producers, including Adani, Vedanta and Hindalco, are opposing plans to make copper wire made by secondary refiners acceptable under government quality standards, saying products made from scrap pose safety risks.

The dispute has triggered a months-long standoff between large primary producers and smaller refiners over fire-refined high conductivity (FRHC) copper rods, which are mainly used in electrical applications such as transformers, power cables and wires.

Large producers argue that copper rods from smaller refiners, which mostly use scrap as raw material, should not be under the same standards because the products may not consistently meet the purity levels required for electrical applications.

"Indian fire (secondary) refiners may not have the requisite technology and hence are incapable of manufacturing the FRHC grade consistently," the large producers said, according to the minutes of a March 23 meeting of the Bureau of Indian Standards (BIS) that was reviewed by Reuters.

The state-run BIS oversees product quality standards in India.

"Many of the manufacturers are not refining and just re-melting scrap to make substandard product," the minutes said of the views expressed by the Indian Primary Copper Association (IPCPA).

The IPCPA's partners include Adani ADEL.NS, Vedanta VDAN.NS, Hindalco HALC.NS and Hindustan Copper HCPR.NS.

In the minutes, secondary producers defended their production method, saying fire refining is used to control the chemical composition of copper and meets conductivity requirements used internationally for cable manufacturing.

The BIS did not respond to requests from Reuters for comment.

IPCPA President Rohit Pathak said the industry body was seeking separate standards for FRHC copper because "fire refining which uses copper scrap as the primary input, cannot remove impurities to achieve 99.99% purity required for electrical applications."

"Lower purity will increase overheating and fire risks. A separate standard will help ensure safe usage," Pathak, who is also CEO of Hindalco's copper business, told Reuters in a statement.

India's total demand for copper rods in the fiscal year to end-March 2025 was estimated at 1.2 million metric tons, of which imports accounted for 0.1 million tons, while FRHC copper rod production stood at 0.4 million tons, according to industry estimates.

Imports are mainly sourced from the United Arab Emirates, although supplies have been disrupted this year by the Middle East conflict.

As a result of the dispute, about 400,000 tons of copper wire rod is currently being traded outside the quality control regime, an industry source said.

(Reporting by Neha Arora; editing by Mayank Bhardwaj and Raju Gopalakrishnan)

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May 15 (Reuters) - Hindustan Copper Ltd HCPR.NS:

• HINDUSTAN COPPER - RECOMMENDS FINAL DIVIDEND OF 1.86 RUPEE PER SHARE

• HINDUSTAN COPPER - TO SEEK APPROVAL TO RAISE FUNDS VIA QIP OF UP TO 96,976,680 SHARES

Source text: ID:nBSE8V7Gj5

Further company coverage: HCPR.NS

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April 20 (Reuters) - Hindustan Copper Ltd HCPR.NS:

• TOTAL CAPEX ESTIMATES FOR MINE EXPANSION PLAN AT 71.89 BILLION RUPEES BETWEEN 2026-2030

• PAT PROJECTIONS AT 5.89 BILLION RUPEES FOR 2026 AND 6 BILLION RUPEES FOR 2027

Further company coverage: HCPR.NS

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April 16 (Reuters) - Hindustan Copper Ltd HCPR.NS:

• HINDUSTAN COPPER - NO NEGOTIATION IS GOING ON WITH CODELCO FOR FORMATION OF JOINT VENTURE COMPANY

• HINDUSTAN COPPER - GEOPHYSICAL EXPLORATION INFORMATION OF FEW BLOCKS HAS BEEN SHARED BY CODELCO FOR ASSESSMENT WHICH IS BEING EVALUATED BY HCL

Source text: ID:nBSE8MpwH5

Further company coverage: HCPR.NS

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April 15 (Reuters) -

• CODELCO IN TALKS WITH INDIA’S HINDUSTAN COPPER FOR CHILE COPPER JOINT VENTURE- BLOOMBERG NEWS

Source https://tinyurl.com/myb33vt5

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April 10 (Reuters) - Coal India Ltd COAL.NS:

• INDIA MINES SECY: NO IMPACT ON COPPER PRODUCTION BUT SMELTING OPERATIONS UNDER PRESSURE LINKED TO POLICIES BEING FOLLOWED BY SOME COUNTRIES

• INDIA MINES SECY: FORMULATING A SCHEME FOR PROCESSING OF CRITICAL MINERALS

• INDIA MINES SECY: COAL INDIA, NTPC MINING ALONG WITH HINDUSTAN COPPER IN TALKS WITH CODELCO FOR FOUR BLOCKS IN CHILE

Source text: [ID:]

Further company coverage: COAL.NS

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.

March 14 (Reuters) - JSW Steel JSTL.NS, India's largest steelmaker by capacity, has secured a coking coal mining project in Mozambique, the company said in a statement late Friday, to ensure long-term supply of the key input for steel production.

The Mozambique project has 850 million metric tons of coking coal reserves and the mine will be developed in phases, as per the company statement.

"The first phase expected to be developed over the next two and a half years to produce 2.4 million tons per annum prime hard coking coal," the company said.

(Reporting by Shivangi Acharya; Editing by Stephen Coates)

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Feb 13 (Reuters) - Hindustan Copper Ltd HCPR.NS:

• HINDUSTAN COPPER - GETS DEMAND NOTICE WORTH 9.29 BILLION RUPEES

• HINDUSTAN COPPER - ALLEGATIONS AGAINST HCL FOR PRODUCTION WITHOUT VALID CLEARANCES

Source text: ID:nBSEQwHsh

Further company coverage: HCPR.NS

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By Neha Arora

NEW DELHI, Feb 12 (Reuters) - Security risks are prompting India to pull out of a lithium project in Mali backed by Russia's state nuclear corporation Rosatom, sources said, as New Delhi seeks to safeguard its investments in the politically unstable West African nation.

Western nations, from Britain and France to the United States, have urged citizens to leave the landlocked nation as security concerns rise in its battle with al Qaeda-linked militants targeting economic assets and foreign investment.

Last year Rosatom approached India's government-backed Khanij Bidesh India Ltd (KABIL) and NLC India Ltd NLCI.NS for lithium exploration in Mali, an emerging producer of the metal critical in making batteries for electric vehicles.

"The project is on hold because we cannot be spending on something where there is a chance we will lose our investment," one of the sources said.

Both sources, who were directly involved in the decision-making, sought anonymity because the discussions were confidential.

India's mining ministry, KABIL and NLC India did not respond to Reuters requests for comment. Rosatom declined to comment.

Russia has been cultivating ties with a string of African countries, through efforts including military cooperation, and has strengthened relations with Mali and Burkina Faso.

The world's fastest-growing major economy, India has sought a steady supply of lithium in anticipation of rising demand for the metal, key to cutting carbon emissions from the world's third-largest emitter.

New Delhi is targeting 30% electric car penetration and 80% for two-wheelers by 2030, up from 4% and 6% now.

India has recently stepped up efforts for deals to access critical minerals in resource-rich countries such as Argentina, Australia and Chile.

In 2024, KABIL signed an exploration and development pact with a state-owned firm in Argentina to explore and mine five lithium blocks, but has not signed any similar deals since.

(Reporting by Neha Arora; additional reporting by Anastasia Lyrchikova in Moscow; Editing by Mayank Bhardwaj and Clarence Fernandez)

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Feb 5 (Reuters) - Hindustan Copper Ltd HCPR.NS:

• HINDUSTAN COPPER - HCL AND SEPC DISPUTE RESOLVED

Source text: ID:nBSE6tqMnV

Further company coverage: HCPR.NS

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Jan 16 (Reuters) - Hindustan Copper Ltd HCPR.NS:

• COMMENCES OPERATIONS AT KENDADIH MINE

Source text: ID:nBSE2zhhzx

Further company coverage: HCPR.NS

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By Hritam Mukherjee and Neha Arora

BENGALURU/NEW DELHI, Jan 15 (Reuters) - Coal India COAL.NS is scouting partnership opportunities in rare-earth mining across Australia, Russia, Argentina, Chile and several African countries, a top executive of its coking coal-focussed unit said on Thursday, as New Delhi looks to reduce reliance on China-dominated supply chains.

The move comes after top producer China expanded export curbs on rare-earth minerals late last year, threatening operations in sectors from autos to electronics that depend on the critical materials.

"In our country and in foreign countries also, we are going to invest; we are going to explore; we are also collaborating with other companies for rare earth metals. It is in the starting stage," Bharat Coking Coal Ltd BARC.NS Chairman and Managing Director Manoj Kumar Agarwal told Reuters in an interview.

Coal India is pursuing both overseas and local opportunities in this regard, and domestically aims to collaborate with state-run IREL, Khanij Bidesh India Ltd and Hindustan Copper HCPR.NS, Agarwal said.

The partnerships will be funded using proceeds from BCCL's $119 million initial public offering, which closed Tuesday after being oversubscribed nearly 147 times. The company, whose offering comprised only existing shares with no new issuance, is set to list Monday.

BCCL also plans to acquire coking coal mines in Australia and Russia within the next two to three years, Agarwal added.

The company aims to raise its coking coal production capacity to 56 million tonnes per annum by fiscal 2030, up from 40.5 MTPA at the end of fiscal 2025, he added.

Investors are betting BCCL will benefit from India's infrastructure push, which requires steel as a pivotal industrial raw material. Coking coal is a key steel-making ingredient.

(Reporting by Hritam Mukherjee in Bengaluru and Neha Arora in New Delhi; Editing by Tasim Zahid)

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** Hindustan Copper HCPR.NS rises 4.43% to 565.8 rupees, its highest point since January 2010

** The benchmark three-month copper contract CMCU3 on the London Metal Exchange climbs 2.86% to $12,826.5 a ton

** Earlier in the day, the contract climbed as much as 3.28% and approached a record of $12,960 set last year

** HCPR is top gainer on Nifty Metals .NIFTYMET index, which is up 0.8%

** Stock up nearly 109% in 2025

(Reporting by Mridula Kumar in Bengaluru)

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** In 2025, non-bank lender L&T Finance LTFL.NS set to be top pct gainer on Nifty mid-cap .NIFMDCP100 index

** YTD, LTFL soars 131% on back of strong earnings and supportive policies vs mid-cap index's 6% gain

** Miner Hindustan Copper HCPR.NS set to be top pct gainer on small-cap .NIFSMCP100 index

** YTD, HCPR surges 110% tracking record high copper prices on firm demand signals from China, supply concerns vs small-cap index's 6% drop

** Nifty 50 .NSEI gains 10.3% YTD

(Reporting by Hritam Mukherjee in Bengaluru)

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** Indian metal sub index .NIFTYMET falls the most among 16 major sectors to 1.5%

** Prices for base metals like copper and aluminium extended fall pressured by a stronger dollar MET/L

** A stronger dollar makes commodities transacted in the greenback more expensive to investors using other currencies

** Policymakers at the U.S. Federal Reserve remain divided on a December interest rate cut

** Steel Authority of India SAIL.NS falls the most in the index, trading down 2.8%

** Hindustan Copper HCPR.NS and Hindustan Zinc HZNC.NS decline 2.75% and 2.5% respectively

** YTD, sub index up 19.5%, slightly more than double of the benchmark index's .NSEI growth of 9.5%

(Reporting by Urvi Dugar in Bengaluru)

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** Shares of state-owned integrated copper producer Hindustan Copper HCPR.NS rise 6.3% to 328.20 rupees

** Shanghai copper rises to a six-month high after Freeport-McMoran FCX.N declared force majeure at its Indonesia Grasberg mine, one of the world's biggest copper and gold mines

** Operations at Grasberg have been temporarily suspended after a large flow of wet material blocked access to some underground parts of the mine earlier this month

** Tighter copper supply aids pricing power and margins for domestic producers

** HCPR's trading volumes at 61.6 mln shares, the highest since December 2023

** HCPR shares up ~32% YTD

(Reporting by Vijay Malkar)

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Updates

** Metal stocks .NIFTYMET up 1%, set for fourth consecutive day of gains, as Nomura reiterates bullish stance on India's steel sector citing sustained domestic, global tailwinds

** Nomura notes China's anti-involution policies to cut production 9% y/y in rest of 2025

** While demand remains tepid in China and exports still remain at record levels, aggressive production cuts should provide some support - Nomura

** Maintans "buy" and raises PT for JSW Steel JSTL.NS to 1,300 rupees from 1,220 rupees and Jindal Steel JINT.NS to 1,150 rupees from 1,080 rupees

** Both up almost 2.5% on Tuesday

** Motilal Oswal says Tata Steel's TISC.NS Indian capacity expansion and European ops restructuring support earnings growth despite near-term global challenges

** Keeps "neutral" on TISC, 180 rupees PT; stock up almost 1%

** YTD, subindex up 16%, JSW and TISC gain 25%, JINT up 11%

(Reporting by Manvi Pant and Urvi Dugar in Bengaluru)

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** Shares of Hindustan Copper HCPR.NS jump 6.7% to 301.68 rupees

** Co signs pact with state run Oil India OILI.NS to explore critical minerals, including copper and associated minerals, on Friday

** OILI shares up 1.5%

** Also signs deed for 20 more year to reopen and expand Rakha copper mine in the eastern state of Jharkhand on Friday

** After a 20-year shutdown, co appointed South West Mining Limited to reopen and develop the copper mine in January

** More than 28.7 million shares traded, almost 5.5x times their 30-day avg

** YTD, HCPR up 22%

(Reporting by Urvi Dugar)

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Sept 19 (Reuters) - Oil India Ltd OILI.NS:

• OIL INDIA AND HCL SIGN MOU FOR CRITICAL MINERALS EXPLORATION

Source text: ID:nBSE84q5rx

Further company coverage: OILI.NS

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** India's Hindustan Copper HCPR.NS jumps 13% to 280 rupees, set to rise for third straight session

** Stock marks its biggest intra-day gain since December 2023

** Copper miner sets capital expenditure of ~20 bln rupees ($226.5 mln) in next five to six years

** Adds that it will acquire new copper deposit in India and abroad

** YTD, HCPR rose 0.3%

($1 = 88.2880 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

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