Hindustan Copper
Hindustan Copper Limited (HCL) is a government-owned entity that plays a vital role in the copper industry of India. Established in 1967, it is one of the country's leading producers of refined copper products. The company was initially formed to take over the copper mines of the National Mineral Development Corporation (NMDC) and has since evolved into a fully integrated copper-producing company, managing operations from mining to beneficiation, smelting, and refining.[1][2]
| Company type | Public Sector Undertaking |
|---|---|
| Industry | Mining, Copper production |
| Founded | 1967 |
Area served | India |
Key people |
|
| Products | Copper cathodes, Copper concentrate, Wire bars, Blister copper, Sulphuric acid, Gold, Silver, Nickel, Selenium |
| Revenue | ₹1,811 crore (2023) |
| ₹373 crore (2023) | |
Number of employees | 1,560 (2023) |
| Parent | Government of India |
| Website | hindustancopper.com |
History
changeHindustan Copper Limited was set up by the Government of India with the objective of making India self-sufficient in copper production. Over the years, the company expanded its operations across different regions of India, developing multiple mines, beneficiation plants, and smelting units. HCL's primary operations are in the states of Rajasthan, Madhya Pradesh, Jharkhand, and Maharashtra.[3][4]
Key Operations and Assets
change- Malanjkhand Copper Project (MCP): in Madhya Pradesh, MCP is the largest open-pit copper mine in India, contributing significantly to the company’s copper ore production.[5]
- Khetri Copper Complex (KCC): in Rajasthan, KCC includes both underground mines and a concentrator plant, making it one of HCL's oldest and most important operations.[6]
- Indian Copper Complex (ICC): in Jharkhand, ICC encompasses underground mines, a beneficiation plant, and a smelter, playing a key role in the refining processes of HCL.[7]
- Taloja Copper Project: in Maharashtra, this project is involved in the conversion of blister copper into refined copper.
Strategic Importance
changeCopper plays a crucial role in sectors such as electricity generation, construction, and transportation. With India's focus on becoming a manufacturing hub under the Make in India initiative, the demand for copper is expected to rise significantly. Hindustan Copper is well-positioned to meet this demand and reduce the country's reliance on copper imports.[8]
HCL also plays a strategic role in India's energy transition. Copper is essential in renewable energy infrastructure, including solar and wind power components, where copper is required for wiring and transformers.[9]
References
change- ↑ https://www.livemint.com/companies/people/expansion-of-assets-like-hindustan-copper-anil-agarwal-calls-for-boost-in-domestic-mineral-production-11727069882697.html
- ↑ https://www.goodreturns.in/personal-finance/miniratna-psu-hindustan-copper-to-declare-dividend-shares-gain-180-in-2-yrs-1373755.html
- ↑ Unlimited, Web. "Hindustan Copper Recruitment 2024: Monthly Salary Up To 340000, Apply Before Last Date". Studycafe. Retrieved 2024-09-23.
- ↑ "Hindustan Copper Q1 Results: Revenue up 33% from last year, margin expands to 38% - CNBC TV18". CNBCTV18. 2024-08-12. Retrieved 2024-09-23.
- ↑ "LIC sells stake in Hindustan Copper for Rs 447 cr". The Economic Times. 2024-08-19. ISSN 0013-0389. Retrieved 2024-09-23.
- ↑ Kumar, Shivendra (2024-09-11). "F&O Ban List: Aditya Birla Fashion, Hindustan Copper among 7 stocks under trade ban on Wednesday". The Economic Times. ISSN 0013-0389. Retrieved 2024-09-23.
- ↑ "Top 5 stocks with short buildup: NMDC, Hindustan Copper lead the list - On Radar". The Economic Times. Retrieved 2024-09-23.
- ↑ Kumar, Shivendra (2024-09-03). "F&O Ban List: Balrampur Chini, Hindustan Copper under trade ban on Tuesday". The Economic Times. ISSN 0013-0389. Retrieved 2024-09-23.
- ↑ "Deven Choksey's Take On Impact Of Crude On Metal Stocks. Tata Steel, Vedanta, Hindalco, Hind Copper". Business Today. 2024-09-12. Retrieved 2024-09-23.