Hindustan Copper Launches Jharkhand Underground Mine; NML Pact Eyes Critical Minerals

INDUSTRIAL-GOODSSERVICES

Overview

State-owned Hindustan Copper Ltd has commenced underground mining operations at its Kendadih mine in Jharkhand. The move bolsters its integrated copper production capabilities. Additionally, a new pact with NTPC Mining Ltd aims to jointly explore and develop copper and critical mineral blocks, positioning the company to capitalize on rising demand from key sectors.

Jharkhand Mine Operations Commence

Hindustan Copper Limited (HCL) announced Friday, January 16, the commencement of underground mining operations at the Kendadih Copper Mine. Located in Jharkhand's Ghatshila region, this development marks a significant step in expanding the company's production capacity.

Strategic Partnership for Future Growth

The state-owned miner also recently executed a Memorandum of Understanding with NTPC Mining Ltd (NML). This collaboration is designed to jointly participate in auctions for copper and critical minerals blocks. The agreement covers exploration, mining, and processing activities, signaling a strategic push into vital resources.

HCL is India's sole vertically integrated copper producer. Its operations span the entire value chain from mining and beneficiation to smelting and refining. This comprehensive structure positions the company to benefit from increasing demand driven by the power, electric vehicle, and infrastructure sectors.

Market Performance

Despite the operational advancements, Hindustan Copper shares closed at ₹561.75 on the NSE on Friday, reflecting a 1.93% decline. The stock experienced a notable rally in the final week of December 2025, achieving its strongest weekly performance since February 2021.

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