Hindustan Copper Board Approves Key Contracts and Collaborations
Hindustan Copper Limited's Board of Directors, in a meeting held on May 29, 2026, approved several significant proposals aimed at restarting plant operations, enhancing research, and forging strategic collaborations.Among the primary approvals was the award of a contract to Lohum Materials Pvt. Ltd. The agreement allows the company to restart operations of the Gujarat Copper Plant, a unit of HCL, under a Revenue Sharing Model for an initial period of 20 years, with an option to extend for a further five years.
The Board also sanctioned multiple Memoranda of Understanding (MoUs) and general agreements to foster industry and academia cooperation.
Strategic Collaborations and Research
The approved agreements include:
- Central University of South Bihar (CSUSB): Execution of an MoU between HCL and CSUSB, Gaya. This partnership is designed for collaborative industry-academia cooperation in areas such as CSR projects, education and research, mineral exploration, ore geology, geospatial analysis, hydrogeology, environmental geology, sustainable agriculture, soil health management, and water resource conservation.
- Engineers India Limited: Signing an MoU for various services, including Pre-Project & Exploration Services, Engineering, Design & Specialized Metallurgy, Safety, Statutory & Integrity Studies, and Sustainability & Advanced Technical Solutions.
- CSIR-NML Jamshedpur: Execution of a General Agreement with CSIR-NML Jamshedpur for Research & Development (R&D) projects conducted at the Indian Copper Complex, Hindustan Copper Limited.
Future Exploration and Deliberations
During the meeting, the Board also deliberated the current status of various existing MoUs executed by the Company. Furthermore, the board discussed exploring the possibility of mining and exploitation of copper blocks across several states, including Madhya Pradesh, Chhattisgarh, Jharkhand, West Bengal, and Sikkim.
HINDCOPPER Stock Price Movement
Today, Hindustan Copper Limited shares slipped by 2.62% to settle at ₹538.7. The stock settled amid significant selling pressure, posting a total volume of 5.37 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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