Hindustan Copper Limited has informed the Exchange about Transcript
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Hindustan Copper's management shared a detailed capacity expansion roadmap targeting 12.2 million tonnes of ore production by FY31, up from ~4 million tonnes currently, with the mix being Malanjkhand (5 mt), Khetri-Kolihan (2.9 mt), and Jharkhand mines (4.3 mt). The company plans to invest around Rs 2,000 crore over the next 5 years, with Rs 900 crore earmarked for Malanjkhand's shaft equipping and concentrator plant, and Rs 200 crore each for Khetri and Jharkhand. Rakha mine in Jharkhand will be operated by JSW's South West Mining under an MDO model (12.5% revenue share, no capex from HCL), with production starting 16-18 months from lease signing. Cost of production was indicated at $5,000/tonne for Malanjkhand and $6,000/tonne for Khetri/Jharkhand, with MIC volumes expected to rise from 30,000 tonnes this year to 80,000-90,000 tonnes at full scale. Management also discussed the recent G2G MoU with Chile's Codelco for knowledge transfer and KABIL's 5 lithium blocks in Argentina where exploration is underway.
The detailed multi-year production roadmap and capex visibility should boost investor confidence in volume growth, though execution risks remain given monsoon disruptions and heavy dependence on shaft commissioning at Malanjkhand. The MDO model at Rakha de-risks capex and operational challenges, while potential EBITDA of $3,500-4,000/tonne at scale could materially expand profitability.