Hindustan Copper Plans ₹7,189 Crore Expansion Over Five Years
Hindustan Copper plans Rs 7,189-cr capex over 5 years for expansion of mines
News 18
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Hindustan Copper Ltd (HCL) has announced a capital expenditure plan of ₹7,189 crore (approximately $870 million USD) over the next five years to expand its mining operations. The company aims to increase ore production capacity from 4.21 million tonnes per annum (MTPA) in 2025-26 to 12.20 MTPA by 2029-30, alongside a projected profit growth from ₹589 crore to ₹1,568 crore by 2030.
- 01HCL plans a capital expenditure of ₹7,189 crore over five years for mine expansion.
- 02Ore production is expected to increase from 4.21 MTPA to 12.20 MTPA by 2029-30.
- 03Profit after tax is projected to rise from ₹589 crore to ₹1,568 crore by 2030.
- 04The company is launching a digital transformation initiative for enhanced operational efficiency.
- 05Key technological upgrades will include a private 5G network and advanced AI analytics.
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Hindustan Copper Ltd (HCL) has outlined a significant capital expenditure plan of ₹7,189 crore (approximately $870 million USD) over the next five years aimed at expanding its mining operations. The company will allocate ₹450.51 crore in the current fiscal year, with subsequent investments of ₹1,421.73 crore in 2027, ₹1,993.70 crore in 2028, ₹2,227.18 crore in 2029, and ₹1,095.48 crore in 2030. This expansion is part of HCL’s Corporate Plan – Vision 2030, which aims to increase ore production capacity from 4.21 million tonnes per annum (MTPA) in 2025-26 to 12.20 MTPA by 2029-30. HCL also anticipates a growth in profit after tax from ₹589 crore in 2026 to ₹1,568 crore by 2030, with dividend payouts expected to follow this earnings growth. Additionally, the company is embarking on a digital transformation initiative to enhance operational efficiency and safety across its operations. This includes modernizing its IT infrastructure, implementing advanced technologies such as a private 5G network, and utilizing AI and machine learning for analytics, positioning HCL as a future-ready copper enterprise.
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The expansion plans and digital transformation initiatives are expected to enhance operational efficiency, potentially leading to job creation and improved safety standards in mining operations.
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