Hindustan Copper Limited has informed the Exchange about General Updates
HINDCOPPER · price
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On the reaction day the stock moved 5.8 pts more than Nifty Smallcap 250 and 5.2 pts more than its Non - Ferrous Metals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Hindustan Copper's Board has approved placing a turnkey work order with Ardee Engineering Limited to build a new 3.0 MTPA Copper Concentrate Plant at the Malanjkhand Copper Project in Madhya Pradesh. The project will cost Rs. 469.55 crore plus GST and is expected to be completed in 27 months. The work order is on a turnkey basis, meaning a single contractor will handle design, procurement, and construction. This is a significant capacity addition for Hindustan Copper, as Malanjkhand is one of its key copper mining assets.
This is a large capital expenditure that signals Hindustan Copper's commitment to expanding its copper concentrate output, which could boost future revenues. In the short term, the stock may react positively on growth prospects, though the 27-month timeline means benefits will only materialize over the longer term. Shareholders should note the sizable capex outflow without immediate returns.