Politics · India Bureau
Hindustan Copper to invest ₹7,000 crore over next five-six years
State-owned Hindustan Copper Ltd plans a major capital deployment to expand its copper mining operations and boost domestic mineral reserves. The investment drive comes as India's copper demand accelerates from infrastructure, renewable energy and electric vehicle sectors.
LSN India ·
Hindustan Copper Ltd (HCL) announced plans for capital investments exceeding ₹7,000 crore over the next five to six years, signaling an aggressive expansion strategy in the copper and critical minerals space. The state-owned miner outlined the initiative in a regulatory filing on Tuesday, detailing investments aimed at exploration activities, revival of existing mines, and forging strategic partnerships to strengthen its operational footprint.
The company has demonstrated tangible progress in resource development, having added 135.52 million tonnes of copper ore reserves and resources over the past three years. This expansion reflects HCL's commitment to bolstering India's domestic mineral supply chain amid rising demand pressures.
HCL is pursuing multiple avenues for growth, including acquisition of new copper deposits both domestically and internationally. The investment plan reflects the company's strategic response to surging demand for copper driven by India's infrastructure expansion, renewable energy adoption, electric mobility initiatives and broader clean energy applications.
The investment announcement comes at a time when securing adequate copper supplies has become critical for India's energy transition goals and industrial growth. By scaling up domestic production capacity and reserves, HCL aims to reduce the country's dependence on imported copper while positioning itself as a key player in India's mineral security strategy.