New Copper Plant Approved for Malanjkhand Project
Hindustan Copper's board has approved awarding a ₹469.55 crore contract to Ardee Engineering to build a new 3 million tonnes per annum (MTPA) copper concentrate plant. The facility will be located at the company's Malanjkhand Copper Project in Madhya Pradesh and is expected to be completed on a turnkey basis within 27 months.
Meeting Demand from EVs and Renewables
This capacity expansion is a strategic response to rising global demand for copper, primarily from the electric vehicle (EV) and renewable energy sectors. Hindustan Copper aims to capture a larger market share and strengthen its position in the industry.
Strong Quarterly Financials
The expansion is backed by strong recent financial performance. In Q3FY26, Hindustan Copper reported a 149% year-over-year increase in net profit, reaching ₹156 crore from ₹63 crore. Revenue from operations more than doubled, rising 110% to ₹687 crore from ₹327 crore in Q3FY25.
Shareholder Returns and Stock Performance
The company also declared an interim dividend of Re 1 per share for FY2025-26. Despite a recent stock dip of 6% over five trading sessions and 21.4% in the past month, shares have gained 35% in six months and 104% over the past year.