Hindustan Copper Limited, is set to invest approx INR 2,000 crore over the next five-six years to expand its mining operations. With INR 1,400- 1,500 crore allocation, the Malanjkhand Copper Project (MCP) in Madhya Pradesh will be the primary focus.

Jun 13, 2025

HCL has announced a INR 2,000 crore capital expenditure plan to expand its mining operations by FY2030-31, aiming to triple its ore production capacity from 4 million tonnes per annum to 12.2 million tonnes per annum. The investment will primarily focus on the Malanjkhand Copper Project (MCP) in Madhya Pradesh, with approximately INR 1,400-1,500 crore allocated for its development, noted HCL Chairman and Managing Director Sanjiv Kr Singh.

Additional funds will be directed towards enhancing capacities at the Khetri Copper Complex in Rajasthan and the Indian Copper Complex in Jharkhand.

Watch: Top Cable Companies in India

The expansion at MCP includes the development of underground mining infrastructure, installation of a paste-fill plant, and establishment of a new concentrator facility. At Khetri, the focus will be on enhancing mining and concentrator capacities.

This initiative aligns with HCL’s strategy to increase domestic copper availability amid India’s rising consumption in infrastructure, renewable energy, electric vehicles, and defense manufacturing. In FY2025, the company recorded its highest-ever revenue of INR 2,071 crore and profit before tax of INR 634 crore. Over the past two years, HCL has added over 123 million tonnes of copper ore resources through exploration and plans to continue augmenting its reserves. The company is also collaborating with Chile’s CODELCO for technology and knowledge-sharing in mining and beneficiation.

Also Read: MAAG Group Successfully Completes the Acquisition of SIKORA AG

HCL, the country’s only vertically integrated copper producer, currently holds access to about 45% of India’s copper ore resources.