Hindustan Copper | Business Upturn

Hindustan Copper approves Rs 469.55 crore plant construction at Malanjkhand

Yash Agarwal — Mon, 30 Mar 2026 13:02:37 +0000

Hindustan Copper has approved a significant project to construct a new 3.0 million tonnes per annum (MTPA) copper concentrate plant at its Malanjkhand Copper Project in Madhya Pradesh. The board of directors sanctioned the proposal during their 461st meeting held on 30 March 2026.

The construction contract has been awarded to Ardee Engineering Limited, which will undertake the project on a turnkey basis. The construction is expected to span over a period of 27 months, with a financial implication of ₹469.55 crore plus applicable GST.

This development marks a strategic expansion for Hindustan Copper, aiming to enhance its production capacity and strengthen its position in the copper industry. The board meeting, which commenced at 10:30 AM and concluded at 03:45 PM, was pivotal in finalising this decision.

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Hindustan Copper faces Rs 9.77 lakh fine from NSE and BSE for governance non-compliance

Arunika Jain — Tue, 17 Mar 2026 10:37:49 +0000

Hindustan Copper has been fined ₹9,77,040 each by both the NSE and BSE for non-compliance with SEBI‘s corporate governance regulations.

The fines were imposed due to Hindustan Copper‘s failure to meet specific requirements under the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, concerning the composition of its Board and the constitution of committees for the quarter ending 31 December 2025. The company, being a government entity, has its director appointments managed by the President of India through the Ministry of Mines. Hindustan Copper has already approached the Ministry for the appointment of five part-time non-official/independent directors to address the compliance issue.

In a recent board meeting, Hindustan Copper discussed the fines and decided to seek an exemption from the payment, citing their ongoing efforts to comply with statutory requirements. The company has also informed its promoter, the Government of India, about the situation and requested the filling of the vacant director positions.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Hindustan Copper shares fall over 2% after receiving Rs 929.40 crore demand notice from Jharkhand mining department

Aman Shukla — Mon, 16 Feb 2026 04:31:18 +0000

Hindustan Copper Limited shares declined more than 2% in trade after the company disclosed that it had received a demand notice from the Office of the District Mining Officer, East Singhbhum, Jamshedpur, under the Department of Mines & Geology, Government of Jharkhand.

The notice, dated February 12, 2026, seeks recovery of ₹929.40 crore as compensation. The company confirmed that it received the communication on the same day.

According to the company’s regulatory filing, the demand pertains to alleged production from the Surda mine in Jharkhand without valid statutory clearances or production beyond permissible limits. The period under review spans from FY 2000-01 to FY 2016-17.

The liability has been cited under Section 21(5) of the Mines and Minerals (Development & Regulation) Act, 1957. The notice also refers to the landmark judgment delivered by the Supreme Court of India in the Common Cause case, which addressed issues related to mining operations carried out without necessary approvals.

Hindustan Copper has denied the allegations mentioned in the notice. The company stated that it is taking appropriate legal action to challenge the demand.

In its clarification, the company said that the financial and operational impact will depend on the outcome of the legal proceedings. It added that any effect on its financials, operations, or other activities would be limited to the extent of the final order passed by the competent authority.

Hindustan Copper shares fall over 11% as copper prices slide sharply

Aman Shukla — Fri, 30 Jan 2026 09:38:43 +0000

Shares of Hindustan Copper Limited declined 11% after copper prices witnessed a steep fall on Friday, reflecting sharp weakness across the broader metals complex. The stock came under heavy selling pressure as copper futures on Multi Commodity Exchange of India (MCX) dropped close to 6%, slipping to around ₹1,330 per kg amid heightened volatility in global commodity markets. As of 3:09 PM, the shares were trading 9.34% lower at Rs 689.05.

The sharp correction in copper prices followed aggressive profit booking after recent rallies, coupled with a sudden deterioration in global risk sentiment. Both base metals and precious metals faced broad-based selling as traders rushed to cut leveraged positions, triggering a sharp intraday decline in prices.

Market participants attributed the weakness largely to macroeconomic factors rather than any immediate change in supply-demand fundamentals. Expectations of tighter global monetary conditions, a stronger US dollar, and rising bond yields have weighed heavily on metals. Copper, often viewed as a key indicator of global economic growth, bore the brunt of this risk-off move.

Pressure was further amplified by weakness in international copper prices, which retreated sharply after touching multi-decade highs earlier in the week. As positions unwound across global commodity trades, selling intensified through the session, leading to a sharp fall in domestic futures as well.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Why Hindustan Copper shares rally 20% today? Explained

Aman Shukla — Thu, 29 Jan 2026 08:33:32 +0000

Hindustan Copper shares locked in a 20% upper circuit in today’s trade after copper prices climbed to fresh record highs across major global commodity exchanges, triggering strong buying interest in metal-linked stocks. The rally comes amid a sharp surge in international copper prices, which has directly boosted domestic copper futures on the Multi Commodity Exchange (MCX).

On the Shanghai Futures Exchange (SHFE), the most-active copper contract jumped more than 6% to cross 108,700 yuan per tonne, after touching an all-time high earlier in the session. At the same time, three-month copper prices on the London Metal Exchange (LME) surged past $13,950 per tonne, marking a new historic peak.

The strong momentum in global copper markets has spilled over into Indian commodity trading, with MCX copper futures tracking international trends closely. Rising prices reflect tightening global supply conditions, resilient industrial demand, and sustained buying from traders positioning for further upside.

Hindustan Copper shares jump over 2% after emerging as preferred bidder in MP mining auction

Aman Shukla — Tue, 27 Jan 2026 03:52:33 +0000

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.

Top gainers among Nifty stocks in midday trades today, January 12: IFCI, Shakti Pumps, Hindustan Copper, BSE, Hindustan Zinc and more

Aman Shukla — Mon, 12 Jan 2026 06:34:41 +0000

The Indian stock market was trading lower in morning to midday sessions on January 12, 2026, as of around 11:58 AM IST, with the Nifty 50 at 25,496.55 (down 186.75 points or 0.73%), Sensex at 82,932.05 (down 644.19 points or 0.77%), and other indices also in the red.

Amid the broader market decline, certain stocks listed or associated with Nifty showed positive movement in the provided session data. here’s the list of nifty top 10 gainers in midday today

IFCI: Current price ₹52.04, +6.18%
Shakti Pumps India: Current price ₹707.10, +3.20%
Hindustan Copper: Current price ₹533.35, +2.41%
BSE: Current price ₹2,745.90, +2.86%
Hindustan Zinc: Current price ₹621.90, +2.55%
Manappuram Finance: Current price ₹293.70, +2.75%
Coal India: Current price ₹430.40, +2.87%
Lemon Tree Hotels: Current price ₹154.04, +2.81%
Linde India: Current price ₹6,084.50, +3.00%
Indian Energy Exchange: Current price ₹141.24, +2.08%

These stocks recorded percentage gains from +2.08% to +6.18% in the session up to midday. Among core Nifty 50 stocks, Coal India led with gains around +2.8%, supported by volume and sector interest, while others like Trent, Asian Paints showed smaller positive moves in snapshots.

Hindustan Copper reports death of contractual employee at Malanjkhand site

Aman Shukla — Wed, 19 Nov 2025 07:07:14 +0000

A tragic incident at the Malanjkhand Copper Project in Balaghat district, Madhya Pradesh, has led to the loss of a contractual worker engaged through a mining contractor for Hindustan Copper Ltd. The accident occurred on 19 November 2025, marking a difficult moment for the company and everyone connected with the project.

Hindustan Copper Ltd has expressed deep sorrow over the unfortunate death and extended condolences to the affected family. The company noted that all necessary information has been shared as required under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements, ensuring full transparency about the incident.

In the exchange filings, the company said, “Due to an accident at Malanjkhand Copper Project at Balaghat District of Madhya Pradesh (a unit of Hindustan Copper Ltd) one contractual employee engaged by a mining contractor expired on 19.11.2025. The Company deeply mourns the unfortunate death of the employee.”

Top Q2 results today, November 11: Bajaj Finserv, Biocon, Tata Power, RVNL, Hindustan Copper and more to announce earnings

Aman Shukla — Tue, 11 Nov 2025 03:04:43 +0000

More than 380 listed companies are set to release their July–September quarter (Q2 FY25) financial results today, Tuesday, November 11, 2025. The earnings season continues to remain in full swing, with key players from multiple sectors — including finance, power, healthcare, infrastructure, and manufacturing — expected to declare their results.

Some of the most awaited quarterly numbers will come from Bajaj Finserv, Biocon, Tata Power, Bosch, Fortis Healthcare, Torrent Power, Rail Vikas Nigam (RVNL), and Hindustan Copper, among others.

Key Companies Announcing Q2 FY25 Results on November 11, 2025:

Bajaj Finserv
Bajaj Holdings & Investment
The Tata Power Company
Bosch
BSE Limited
Fortis Healthcare
Torrent Power
Rail Vikas Nigam
Bharat Forge
PI Industries
Max Financial Services
Biocon
Container Corporation of India
Gujarat Fluorochemicals Limited
Thermax
Godrej Industries
Hindustan Copper
JB Chemicals and Pharmaceuticals
Emcure Pharmaceuticals
EIH
OneSource Specialty Pharma
EID Parry (India)
Bikaji Foods International
Gujarat State Petronet
IFCI
IndiGrid Infrastructure Trust
Kirloskar Oil Engines
Belrise Industries
Jupiter Wagons
AAVAS Financiers

In addition to these, a wide range of mid-cap and small-cap companies from sectors such as renewable energy, chemicals, auto components, healthcare, hospitality, and real estate will also declare their earnings.

Notable names include Borosil Renewables, RITES, Vesuvius India, Finolex Cables, Balrampur Chini Mills, Cera Sanitaryware, MOIL, Reliance Infrastructure, Surya Roshni, Gokaldas Exports, and Awfis Space Solutions.

Other firms from the pharmaceutical and chemical segments like Orchid Pharma, Suven Life Sciences, Bharat Rasayan, IOL Chemicals, and Fermenta Biotech are also expected to announce their quarterly results today.

Companies from the financial services space, including Edelweiss Financial Services, ESAF Small Finance Bank, and Abans Financial Services, are also on the earnings calendar.

Top Q2 results next week (November 10-14): HUDCO, Vodafone Idea, Hindustan Copper, Cochin Shipyard, Bharat Dynamics and more to announce earnings

Aman Shukla — Sun, 09 Nov 2025 08:08:58 +0000

The upcoming week is set to be one of the busiest in India’s earnings season, with more than 2,500 companies scheduled to announce their Q2FY26 results for the quarter ended September 30, 2025. These quarterly reports will offer critical insights into how Indian companies performed during the July–September period, reflecting post-monsoon consumer trends, industrial output, and macroeconomic conditions.

Several companies will also be hosting earnings calls and analyst meets to discuss their performance outlook for the rest of FY26.

Q2 Results Calendar: Key Announcements Next Week

November 10, 2025

A packed day for the markets, with major names such as Ather Energy Ltd., Bajaj Consumer Care Ltd., Bajaj Finance Ltd., Cello World Ltd., Emami Ltd., Hinduja Global Solutions Ltd., HUDCO, Vodafone Idea Ltd., KPIT Technologies Ltd., Navneet Education Ltd., ONGC, Reliance Power Ltd., SJVN Ltd., Sun Pharma Advanced Research Company Ltd., Sula Vineyards Ltd., Texmaco Infrastructure & Holdings Ltd., Tourism Finance Corporation of India Ltd., and V-Mart Retail Ltd. set to declare their quarterly earnings.

November 11, 2025

Big-ticket results continue with Bajaj Finserv Ltd., Bajaj Holdings & Investment Ltd., Bharat Forge Ltd., Biocon Ltd., Bosch Ltd., Fortis Healthcare Ltd., Godrej Industries Ltd., GSFC, GSPL, Hindustan Copper Ltd., IFCI Ltd., Kirloskar Oil Engines Ltd., Max Financial Services Ltd., PTC India Ltd., Reliance Infrastructure Ltd., Rail Vikas Nigam Ltd., Tata Power Ltd., Thermax Ltd., Torrent Power Ltd., and TVS Electronics Ltd. also releasing their Q2 numbers.

November 12, 2025

All eyes will be on industry giants such as Ashok Leyland Ltd., Asian Paints Ltd., Cochin Shipyard Ltd., General Insurance Corporation of India, GNFC, Hindustan Aeronautics Ltd., IRCTC Ltd., Jyothy Labs Ltd., Lemon Tree Hotels Ltd., Pfizer Ltd., SpiceJet Ltd., Tata Steel Ltd., Techno Electric & Engineering Company Ltd., and Zee Media Corporation Ltd.

November 13, 2025

Market focus will shift to Bharat Dynamics Ltd., Hero MotoCorp Ltd., Marksans Pharma Ltd., Matrimony.com Ltd., The New India Assurance Co. Ltd., Titagarh Rail Systems Ltd., TVS Supply Chain Solutions Ltd., and Voltas Ltd., among others.

November 14, 2025

The week concludes with major names including Engineers India Ltd., Exide Industries Ltd., Glenmark Pharmaceuticals Ltd., Godawari Power & Ispat Ltd., Marico Ltd., Oil India Ltd., Tata Motors Passenger Vehicles Ltd., and V2 Retail Ltd. announcing their results.

Hindustan Copper shares rally over 5% after Rakha Mining Lease Deed execution

Aman Shukla — Mon, 22 Sep 2025 04:28:13 +0000

Shares of Hindustan Copper Limited (HCL) surged over 5% in early trading following a significant development in its mining operations. The company announced that the Rakha Mining Lease Deed has been officially executed with the District Commissioner (DC), Jamshedpur, on September 19, 2025.

This lease extension, valid for the next 20 years, marks a critical step toward reopening and expanding the Rakha Copper Mine. The mine is considered strategically important for boosting copper production in the region, aligning with HCL’s long-term growth plans.

Hindustan Copper shares showed significant volatility in today’s trading session, moving between a low of ₹282.00 and a high of ₹300.44. The stock opened at ₹283.24, slightly above the previous close of ₹282.86. Over the past 52 weeks, Hindustan Copper has traded in a range of ₹183.82 to ₹353.00.

Top stocks in focus on July 1: IREDA, NHPC, NTPC Green, HUDCO, Bharat Electronics, Hindustan Copper and more

Aman Shukla — Tue, 01 Jul 2025 02:41:34 +0000

Here’s a quick look at the stocks likely to be in focus during today’s trade based on recent updates, business developments, order wins, appointments, and corporate actions.

Stocks to watch

Aavas Financiers: Aquilo House Pte. Limited has been designated as the new promoter of the company.

IREDA: The Indian Renewable Energy Development Agency reported a 29% year-on-year increase in loan sanctions for Q1, amounting to ₹11,740 crore, compared to ₹9,136 crore a year ago.

United Breweries: The company introduced a new product, ‘Amstel Grande’ beer, in Karnataka, targeting the premium strong category.

Balaji Amines: Commenced commercial production of Isopropylamine at its Osmanabad manufacturing unit.

NHPC: Commissioned Phase IV (53.57 MW) of the Karnisar Solar Project, bringing total operational capacity to 214.28 MW out of a planned 300 MW.

HUDCO: Reported loan sanctions worth ₹33,904 crore and disbursements of ₹12,812 crore in the first quarter.

Thangamayil Jewellery: Opened new branches in Chennai as part of its retail expansion.

Timken India: Started commercial production at its new manufacturing facility in Bharuch, Gujarat.

Bharat Electronics: Secured additional orders worth ₹528 crore since the previous disclosure on June 20.

NCC: Received new orders worth ₹1,690.51 crore in June 2025, focused on the building division.

Apollo Hospitals: The board approved a scheme of arrangement involving Apollo Healthco, Keimed, and Apollo Healthtech.

Sona Comstar: Exploring the manufacturing of rare earth magnets in India, according to media reports.

Kalpataru Projects: Announced fresh orders valued at ₹989 crore across various segments.

HCL Technologies: Partnered with OpenAI to advance enterprise-scale artificial intelligence adoption.

NTPC Green Energy: Commissioned 32.8 MW of solar power capacity at the Khavda project site in Gujarat.

Astec LifeSciences: Launched a ₹249.35 crore rights issue priced at ₹890 per share.

ITI Ltd: Signed an agreement with BSNL for the ₹1,901 crore BharatNet Phase-3 project (NER-II package).

Godrej Industries: Increased its stake in Godrej Capital to 90.89% through a ₹285 crore investment.

Oil India and ONGC: Administered pricing mechanism (APM) gas prices revised upward to $6.75/mmbtu from $6.41/mmbtu.

SJVN: Began commercial operations of a 100.25 MW solar capacity, part of the 1,000 MW Bikaner project.

Hindustan Copper: Signed an MoU with Coal India for joint exploration of copper and critical minerals.

Gabriel India: Set to consolidate Anand Group’s auto components businesses through a share swap arrangement.

Jet Fuel Price Update: Aviation turbine fuel (ATF) price in Delhi increased by ₹6,271/kl to ₹89,344.05/kl.

CG Power: Plans to raise ₹3,000 crore via a qualified institutional placement (QIP) following its highest-ever order win.

Bharat Forge: Board approved transfer of the defence business to Kalyani Strategic Systems through OCRPS worth ₹500 crore.

ESAF Small Finance Bank: Transferred ₹733.4 crore of non-performing and written-off loans to an asset reconstruction company for ₹73.34 crore.

Bank of India: Reduced its lending rates by 5 basis points across all tenors, effective July 1.

Uno Minda: Finalised the acquisition of 1.69 crore shares (49.90% stake) in UnoMinda EV Systems from FRIWO GmbH for ₹141.27 crore.

Torrent Pharmaceuticals: Anticipates completion of the ₹19,500 crore JB Pharma acquisition within 15–18 months.

Ashok Leyland: CEO of Switch Mobility, S Mahesh Babu, to step down effective August 31.

JK Cement: Declared a final dividend of ₹15 per share for FY25.

Can Fin Homes: Appointed Abhishek Mishra as Chief Financial Officer for a three-year term starting June 30.

Patel Engineering: Board to consider a debt issuance proposal at its meeting scheduled for July 3.

Wipro: Appointed Tulsi Naidu as chairperson of its nomination and remuneration committee.

Larsen & Toubro (L&T): Subsidiary L&T Energy Green Tech incorporated a new wholly owned arm, Panipat Green Hydrogen.

Hindustan Zinc: Disclosed contribution of ₹90,000 crore to the exchequer over the past five years, including ₹18,963 crore in FY25.

Grindwell Norton: Recommended a final dividend of ₹17 per equity share.

One Mobikwik Systems: Citigroup Global Markets Mauritius sold 4.43 lakh shares at ₹246.23 per share.

ASM Framework Updates:

To be included in ST-ASM: Balaji Amines, Jai Balaji.
To be excluded from ST-ASM: Avantel, Dam Networks, Premier Explosives.
To be included in LT-ASM: Orient Bell.

Price Band Revision:

Diamond Power: Revised from 10% to 5%.

Dividend Ex-Dates Today:

Cera Sanitaryware: ₹65 per share.
JSW Infrastructure: ₹0.8 per share.
Polychem: ₹20 per share.

Dividend Ex-Dates Tomorrow:

Bharat Seats: ₹1.1 per share.
Sika Interplant: ₹2.4 per share.

Other Corporate Developments:

Sigachi Industries: A fire incident at the Hyderabad facility resulted in one fatality; plant operations suspended for 90 days.
Gensol Engineering: Keya Vimal Salot sold 3 lakh shares at ₹42.32 per share.

Hindustan Copper shares jump 3% as Q4 net profit rises 53% YoY to Rs 1.9 crore

Aman Shukla — Wed, 28 May 2025 03:55:38 +0000

Hindustan Copper Ltd (HCL) shares rose nearly 3% in morning trade following the release of its Q4 FY25 earnings, reflecting robust financial performance. As of 9:23 AM, the shares were trading 3.22% higher at Rs 252.97.

The state-owned Miniratna company posted a 53.2% year-on-year (YoY) surge in net profit at ₹1.9 crore for the quarter ended March 31, 2025, compared to ₹1.2 crore in the same quarter last year.

The company’s revenue from operations saw a healthy growth of 29%, reaching ₹7.3 crore in Q4FY25, up from ₹5.6 crore in Q4FY24. This strong top-line performance reflects improved demand and operational efficiency.

HCL’s earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 19% YoY to ₹266.7 crore, up from ₹224 crore. However, the EBITDA margin slipped to 36.5% from 39.6%, a contraction of around 300 basis points, indicating a rise in input costs or other operational expenses.

On an annual basis, Hindustan Copper reported a net profit of ₹4.6 crore for FY25, marking a significant 58% jump from ₹2.9 crore in FY24.

Hindustan Copper shares drop over 2% as revenue falls 17.9% YoY in Q3

Aman Shukla — Mon, 10 Feb 2025 05:32:34 +0000

Hindustan Copper shares dropped more than 2% after the company announced its Q3 results. As of 11:03 AM, the shares were trading 1.96% lower at Rs 1.96%.

The state-owned copper producer reported a 17.9% drop in consolidated revenue, which stood at ₹328 crore compared to ₹399 crore in the same quarter last year.

Despite the revenue dip, the company’s EBITDA saw a marginal rise of 0.9%, reaching ₹108 crore from ₹107 crore in Q3FY24. The EBITDA margin expanded to 32.8% from 26.7%, highlighting improved operational efficiency. However, net profit remained nearly unchanged at ₹62.8 crore compared to ₹63 crore in the year-ago period.

Hindustan Copper shares opened at ₹244.00, reaching a high of ₹244.01 and a low of ₹238.20. The stock’s 52-week high stands at ₹415.80, while the 52-week low is ₹216.76.

Hindustan Copper appoints South West Mining as MDO for Rakha Mine redevelopment

Aditya Bhagchandani — Fri, 10 Jan 2025 03:37:53 +0000

Hindustan Copper Ltd. (HCL) has announced the appointment of South West Mining Limited (SWML) as the Mine Developer cum Operator (MDO) for the re-opening and expansion of the Rakha Copper Mine, located in East Singhbhum, Jharkhand. This development marks the revival of operations at Rakha Mine, which had been suspended since 2001 due to unviable operations.

Key Project Highlights:

Scope of Work: SWML will oversee the re-opening of Rakha Copper Mine, the development of a new underground mine at Chapri, and the commissioning of a new concentrator plant.
Project Tenure: The Mining Services Agreement is valid for 20 years, with an option for a 10-year extension.
Capital Expenditure (CAPEX): The estimated investment for the project is approximately ₹2,700 crore.
Employment Generation: The project is expected to create around 10,000 direct and indirect jobs.

Event Details:

The Mining Services Agreement was signed on January 9, 2025, in Ranchi, in the presence of:

Shri G. Kishan Reddy, Union Minister of Coal and Mines
Shri Ghanshyam Sharma, CMD, Hindustan Copper Ltd.
Senior officials from Hindustan Copper and South West Mining

Hindustan Copper shares in focus following Q2 FY25 results

Aditya Bhagchandani — Tue, 12 Nov 2024 03:50:24 +0000

Hindustan Copper Ltd (HCL), the state-owned copper mining and production company, reported a robust 67.6% year-on-year increase in net profit for Q2 FY25, totaling ₹101.7 crore. This marks a significant rise from ₹60.7 crore in the same period last year, reflecting the company’s resilient performance amidst a favorable market environment.

Revenue from operations surged by 36% to ₹518.2 crore, compared to ₹381.4 crore in Q2 FY24. The company’s EBITDA for the quarter rose by 25.4% to ₹151.9 crore, up from ₹121 crore in the year-ago period. However, the EBITDA margin saw a slight dip, standing at 29.3% in the current quarter versus 31.8% in the corresponding quarter last year, indicating some pressure on operating margins.

Hindustan Copper, overseen by the Mines Ministry, is India’s only integrated copper producer with a fully operational mining lease for copper ore. Its product portfolio includes copper concentrate, copper cathodes, continuous cast copper rods, and by-products like anode slime, copper sulfate, and sulfuric acid.

This strong quarterly performance underscores Hindustan Copper’s strategic positioning as a leading player in the Indian copper industry. As of Monday’s close, the company’s shares saw a positive response, reflecting investor confidence in its growth trajectory.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

F&O ban: ABFRL, Granules, Hindustan Copper, IEX, and Vodafone Idea exit ban [Sept 27, 2024]

News Desk — Fri, 27 Sep 2024 03:00:41 +0000

In today’s futures and options (F&O) segment, there are no stocks under the ban list. Meanwhile, the following stocks have exited the F&O ban:

Aditya Birla Fashion and Retail (ABFRL)
Granules India (GRANULES)
Hindustan Copper (HINDCOPPER)
Indian Energy Exchange (IEX)
Vodafone Idea (IDEA)

These stocks are now available for regular trading in the F&O segment.

Stock market news: Balrampur Chini, Birlasoft among 4 stocks in F&O ban list on August 28

Aditya Bhagchandani — Wed, 28 Aug 2024 03:10:11 +0000

On Wednesday, four stocks have come under the Futures & Options (F&O) trade ban. The stocks are Balrampur Chini, Birlasoft, Hindustan Copper, and India Cements. While Aarti Industries, Aditya Birla Fashion & Retail (ABFRL), Indian Energy Exchange (IEX), Chambal Fertilizers & Chemicals, and RBL Bank have exited the ban list, Hindustan Copper is the newest addition.

A stock enters the F&O ban period when its open interest (OI) surpasses 95% of the market-wide position limits (MWPL). The ban is lifted only when the OI falls below 80%.

On Tuesday, the Nifty index nearly reached its record high of 25,078 but closed flat at 25,018 due to global challenges outweighing positive domestic factors. The broader NSE Nifty gained 7 points (0.03%), while the BSE Sensex edged up by 13 points (0.02%) to close at 81,711.

Stocks to watch today: ONGC, ACC, Ambuja Cement, Hindustan Copper and more

Aryan Jakhar — Mon, 12 Sep 2022 03:20:20 +0000

The market opened strongly, but as the day went on, traders decided to take profits. As a result, the benchmark indices ultimately finished on the day’s high in the closing session. For the majority of the session, the markets were up overall. The Nifty50 increased by 34 points to 17,833 while the BSE Sensex increased by almost 100 points to 59,793.

Ujjivan Small Finance Bank

The bank has issued Rs 75 crore in non-convertible debentures. The NCDs have a redemption date of April 26, 2028, and their coupon rate is 11.95%.

Gujarat Industries Power

The company announced that KEC International had been awarded an EPC contract worth Rs 244 crore with the board of directors’ approval. A 400/33 KV pooling sub-station, 1,200 MW of solar, wind, and hybrid power, as well as a 2,375 MW renewable energy park in Gujarat are all included in the contract.

IRB InvIT Fund

The Vadodara Kim Expressway HAM project in Gujarat will be purchased by IRB InvIT Fund from its sponsors IRB Infrastructure Developers for an enterprise value of Rs. 1,297 crore and an equity value of Rs. 342 crore. By October 2022, the acquisition is anticipated to be finished. Six operational and profit-generating assets will be added to the portfolio of the InvIT after the transaction is finished.

ONGC

Oil and Natural Gas Corporation (ONGC) announced on Saturday that it has signed six contracts for offshore Discovered Small Fields (DSF), three of which were for fields in the Arabian Sea and Bay of Bengal. Through the DSF-III bid round, the contracts were acquired. According to an ONGC release, these include two contract areas in collaboration with Indian Oil Corporation Limited (IOCL) and four contract areas with solo bidders.

Titagarh Wagons

A top corporate official announced on Sunday that the Italian government and a private equity firm located in the UAE had acquired about 44% of the completely owned subsidiary Firema SpA of Titagarh Wagons. According to him, the business underwent a “recapitalization of Euro 20 million through fresh equity infusion,” bringing the total capital to Euro 33 million. According to a company spokesperson, Invitalia, the Italian government’s investment promotion agency, invested Euro 10 million for a 30.30 percent interest, and UAE-based PE firm Hawk Eye DMCC paid Euro 4.5 million for a 13.64 percent stake.

Hindustan Copper

Hindustan Copper Ltd. (HCL), a state-owned company, is thinking of raising its annual production of copper ore to 12.2 million tonnes by FY29. 3.57 million tonnes (MT) of copper ore were produced by the company in FY22. “HCL has plans to increase its mining capacity from its current level ore production to 12.2 million tonnes per annum in phase-I in next 7 to 8 years,” the public sector unit said.

ACC Cement/Ambuja Cement

As part of an overhaul of the top management and board of the two cement manufacturers, Gautam Adani, chairman of the Adani Group and the richest man in Asia, along with his son Karan and nephew Pranav, will join the boards of two of India’s oldest cement businesses, ACC Ltd and Ambuja Cements Ltd. Following Adani Group’s acquisition of Holcim India’s ownership in the two companies, a number of long-serving board members of the two cement manufacturers will resign.

Reliance Industries

On Saturday, Reliance Petroleum Retail Limited signed legal agreements to pay Rs. 1,522 crore in cash for Shubhalakshmi Polyesters Limited’s polyester business. For Rs 70 crore, the RIL arm will also purchase Shubhlaxmi Polytex Limited’s polyester division. RIL stated in a regulatory statement to the stock exchanges that the total value of the two purchases is Rs 1,592 crore by way of slump sale on a going concern basis.

Stocks to watch today: LIC, ONGC, Reliance Infra, HDFC Bank, Godrej Industries

Aryan Jakhar — Tue, 16 Aug 2022 03:43:37 +0000

Here are the top 10 stocks that will be the subject of today’s attention.

ONGC: ONGC announced on Friday that its net profit for the June quarter tripled, thanks to record prices it was able to get before the government imposed a tax on unanticipated gains from a global increase in energy prices. According to a stock exchange statement by the business, Oil and Natural Gas Corporation’s (ONGC) standalone net profit in April–June was ₹15,205.85 crore, or ₹12.09 per share, up from ₹4,334.75 crore, or ₹3.45 per share, in the same period last year. Sequentially, the profit exceeded the net profit of ₹8,859.54 crore from January to March.

LIC: Life Insurance Corporation has declared its first earnings since going public, with a multi-fold increase in net profit from the pitiful 2.94 crore a year earlier to the staggering 682.89 crore. Early in May, the largest financial institution in the country, which oversees assets worth more than 41 lakh crore, went public with a share offering for 20,500 crore. Profit for the insurance increased significantly despite reduced margins, which the management attributed to a different policy mix and booking less than 50% of equity profit, which fell to ₹5,076 crore from ₹11,368 crore in June 2021.

HDFC Bank: The merger plan of HDFC Bank and its parent company HDFC Ltd has been accepted by fair trade regulator Competition Commission of India (CCI). In the proposed merger, HDFC Investments and HDFC Holdings will first combine with HDFC Ltd, and then HDFC Ltd would merge with HDFC Bank. The merger of HDFC Limited, HDFC Bank, HDFC Investments, and HDFC Holdings has been approved, CCI stated in a tweet on Friday.

Reliance Infra: On Saturday, Reliance Infrastructure (RInfra) revealed that its consolidated net loss for the three months that ended on June 30, 2022, had shrunk to 66.11 crore. In a regulatory statement to the BSE, the business stated that during the same period of the prior year, it had recorded a consolidated net loss of 95.15 crore. The company’s overall consolidated income for the quarter under review increased to ₹6,349.34 crore from ₹4,623.17 crore in the same quarter last year.

Godrej Industries: For the quarter ended June 30, 2022, Godrej Industries recorded a 38% increase in consolidated net profit at ₹257.60 crore. According to a BSE filing by Godrej Industries, the business reported a net profit of ₹185.99 crore for the months of April through June last year. In the quarter, operating revenue increased from ₹2,890.49 crore to ₹4,024.55 crore.

Suzlon Energy: Suzlon Group believes the over ₹3,000 crore debt restructure spearheaded by REC has put the company’s financial problems with the manufacturer of wind turbines behind it. A top official has stated that the Pune-based company believes its order book, the pipeline of new business, and government policies are other tailwinds that would offer support. The company once struggled to service its over ₹6,500 crore debt. According to its Chief Financial Officer Himanshu Mody, the company plans to raise up to 1,200 crore through a rights issue of shares by the end of the fiscal year to reduce the refinanced debt of ₹3,000 crore.

BPCL: As it seeks to non-fuel sectors for growth, state-owned Bharat Petroleum Corporation Ltd (BPCL) will invest ₹1.4 lakh crore in petrochemicals, city gas, and renewable energy over the next five years. Oil firms are looking at businesses to de-risk their core hydrocarbon operations as nations around the world choose cleaner, carbon-free fuel. As the use of hydrogen and electric mobility increases, gas is being considered as a transition fuel.

Bharti Airtel: The company’s shareholders have given their approval for Gopal Vittal to be reappointed as managing director for a five-year term beginning on February 1, 2023. The resolution “has been passed with requisite majority,” the telecom stated in a regulatory statement on the results of its Annual General Meeting, with over 97% of all votes cast being in favour of it (AGM).

Hindustan Copper: State-owned Hindustan Copper Ltd. announced on Saturday that its consolidated net profit for the three months that ended on June 30, 2022, increased by 25% to ₹57.08 crore. Hindustan Copper reported in a filing to BSE that the business generated a consolidated net profit of ₹45.63 crore in the same period last year. According to the report, the company’s consolidated income rose to ₹359.13 crore from ₹278.73 crore in the same period last year.

Zuari Industries: Zuari Industries Ltd. said on Saturday that its combined net profit for the June quarter was ₹252.73 crore. In the same period last year, it reported a net loss of ₹36.68 crore rupees. Due to a profit share of ₹284.14 crore from associates and joint ventures between April and June 2022, the company’s profit after tax grew.