- Business
- Hindustan Copper Limited (HCL), a Miniratna Category-I public sector undertaking under India's Ministry of Mines, engages in the exploration, mining, beneficiation, smelting, refining, and production of copper and related products; it operates as the nation's sole vertically integrated copper producer. The company produces and markets copper concentrate, copper cathodes, continuous cast copper rods, and by-products including anode slime containing gold and silver, copper sulphate, and sulphuric acid; its facilities encompass mining operations at Malanjkhand Copper Project in Madhya Pradesh, Khetri Copper Complex in Rajasthan, and Surda Mine in Jharkhand, alongside smelting and refining at Ghatsila in Jharkhand, secondary refining at Jhagadia in Gujarat, and a wire rod plant at Taloja in Maharashtra. Founded in 1967 and headquartered in Kolkata, West Bengal, HCL conducts operations exclusively within India, serving domestic industries such as power, electronics, automobiles, and renewable energy. Recent developments include a Rs 2,000 crore capital expenditure plan over 5-6 years to triple ore production capacity from 4 million tonnes per annum to 12.2 million tonnes by FY2030-31, primarily at Malanjkhand; a January 2025 mining services agreement with SWML for the Rs 2,700 crore revival and expansion of Rakha Copper Mine in Jharkhand over 20-30 years; strategic partnerships with Chile's Codelco for technical expertise in mining and exploration, Coal India for critical minerals, and RITES for mining infrastructure and logistics; and plans for joint bids on critical mineral blocks with PSUs like IOCL and GAIL.