Shares of Hindustan Copper Ltd moved over 2% higher in morning trade after the company disclosed a key development related to a mining auction in Madhya Pradesh. The stock reacted positively following confirmation that the state-owned miner has emerged as the preferred bidder for a new composite licence.
Hindustan Copper informed exchanges that it had participated in a Notice Inviting Tender dated October 31, 2025, issued by the Directorate of Geology and Mining, Government of Madhya Pradesh, for the grant of a mining lease and composite licence. The forward e-auction for the Composite Licence of the Baghwari–Khirkhori Copper and Associated Mineral Block was successfully concluded on January 22, 2026, with official communication received by the company today. As Hindustan Copper submitted the highest final price offer, it has been declared the preferred bidder for the block.
In market trade, Hindustan Copper shares saw healthy intraday movement. The stock touched a low of ₹545.85 and a high of ₹553.00 during the session. It opened at ₹551.70, compared with the previous close of ₹535.90. On a longer-term basis, the counter has shown strong momentum, with a 52-week low of ₹183.82 and a 52-week high of ₹576.00.
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