General Update regarding significant proposals approved / deliberated by the Board of Directors of Hindustan Copper Ltd in its meeting held today i.e. 29.05.2026 is submitted.
HINDCOPPER · price
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Hindustan Copper's Board approved awarding a 20-year contract (extendable by 5 years) to Lohum Materials Pvt. Ltd. for restarting operations at the Gujarat Copper Plant under a Revenue Sharing Model. The company also signed MoUs with Central University of South Bihar for CSR and research collaborations, Engineers India Limited for engineering and technical services, and a General Agreement with CSIR-NML Jamshedpur for R&D projects at Indian Copper Complex. The Board also deliberated exploring copper block exploration in Madhya Pradesh, Chhattisgarh, Jharkhand, West Bengal, and Sikkim.
Restarting the Gujarat Copper Plant signals revival of a dormant asset, which could boost future copper production and revenue. The multiple partnerships indicate a focus on research, exploration, and operational improvements that may benefit long-term growth.