Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Hindustan Copper Limited (HCL) has sought financially strong partners with plans to boost its annual production capacity of ore to 20mn mt from the previous 4mn mt, said CMD Arun Kumar Shukla, according to media reports


The company has attained all the statutory clearances for first phase of expansion and expects three times the yield under this phase which is likely to be achieved in 7-8 years. This would also include a major shift from open-pit mining to underground mining at Malanjkhand Copper Project (MCP), a subsidiary of HCL, due to which they are struggling with a problem of low-grade ore.


The company had reported a consolidated loss of Rs5.14bn in March ending quarter.

Leave a Reply

Your email address will not be published.