Hindustan Copper Share Price Target 2024-2030 Fundamentals & Quarterly Results

Hindustan Copper Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results – Hindustan Copper Limited (HCL) is an integrated company that is vertically arranged for the production of copper. According to this text, the main activities undertaken by the company include exploring, mining and exploiting of copper and copper ore, as well as processing minerals, smelting and refining. The company has also been engaged in copper concentrate output and marketing, copper cathodes production, and other related activities including production of copper wire bar; continuous cast copper rod along with certain by-products like anode slime (which contains gold, silver etc.), copper sulphate and sulphuric acid as well.

Latest Update – On Monday, Hindustan Copper Ltd, which is owned by the state, announced that its consolidated net profits more than doubled to Rs 113.40 crore for the quarter ending June 30, 2024. In the same period last year, it made a net profit of only Rs 47.28 crore.

Hindustan Copper Overview

Hindustan Copper Limited (HCL), was established to take over from National Mineral Development Corporation Ltd in 1967. It is the first government-owned enterprise in India and one of the few vertically integrated producers of copper. HCL has been involved in every step of the copper production process, starting with mining and culminating at the conversion of copper into marketable commodities.

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Hindustan Business Business Profile

Hindustan Copper Limited focused on the production of copper from mining to beneficiation, smelting, refining, production of refined cast copper metal and conversion into marketable varieties. In the Malanjkhand Copper Project at Madhya Pradesh (MCP), Khetri Copper Complex at Rajasthan (KCC) and Indian Copper Complex in Ghatsila at Jharkhand (ICC), the Company owned copper mines and concentrator plants. The copper cathodes are produced via operation of smelters and refineries located in the ICC and Gujarat Copper Project, Gujarat (GCP). Taloja Copper Project, Taloja, Maharashtra (TCP) produces copper wire rod from cathodes.

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Unique features

HCL has a lease on more than 80% of the copper reserves in the country. This company possesses strong infrastructure, vertical integration and a large distribution system, as well as its own customer base.

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Capacity

HCL’s consolidated refining as well as smelting ability is 68,500 MT for copper cathodes and 18,500 MT respectively every year. The Taloja plant has a wire rod production capacity of 60,000 MT in place.

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Joint ventures

Khanij Bidesh India Ltd (KABIL), dedicated to the task of identifying, acquiring, developing, processing and making commercial use of strategic and other minerals in Overseas locations with the main intention to boost “Make in India” campaign. HCL has a 30% stake in the Joint Venture (JV) while NALCO and MECL are other two partners.

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Subsidiary

HCL hold a 74% stake in its subsidiary Chhattisgarh Copper Limited (CCL). The principal business of CCL includes exploration, mining and benefication of copper and associated minerals.

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Expansion plans

The demand for copper is anticipated to rise because of a higher focus on renewable energy, a greater use of consumer goods by families and an increase in the number of electric cars. In order to satisfy the growing need for copper, HCL has embarked on expansion plans that will see mining capacity increased from 3.97 MTPA to 12.20 MTPA in Phase I and further up to 20.20 MTPA in Phase II.

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Hindustan Copper Fundamentals & Quarterly Results

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Hindustan Copper Quarterly Results

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CAGR Report

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Hindustan Copper Shareholding Pattern

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Hindustan Copper Share Price Target 2024-2030 Forecast

HINDUSTAN COPPER Share Price Target 2025

HINDUSTAN COPPER Share Price Target 2026

HINDUSTAN COPPER Share Price Target 2027

HINDUSTAN COPPER Share Price Target 2028

HINDUSTAN COPPER Share Price Target 2029

HINDUSTAN COPPER Share Price Target 2030