Hindustan Copper Shares Rise on MoU with RITES for Supply Chain Enhancement

Copper shares gained traction today following the announcement of a Memorandum of Understanding (MoU) with RITES to bolster the supply chain for copper and critical minerals. The non-binding agreement aims to facilitate joint participation in mineral block auctions, exploration, mining, and transportation, while sharing associated risks. The company stated, “Hindustan Copper has executed an MoU with RITES to secure a rapid, reliable, and sustainable supply chain of metals and minerals, including critical minerals.” Financial arrangements for projects will be finalized on a case-by-case basis. This strategic move aligns with Hindustan Copper’s robust financial performance, reporting a 50% surge in net profit to Rs 187 crore in Q4 FY25, up from Rs 124 crore in Q4 FY24. Revenue from operations also grew by over 29% to Rs 731 crore during the same period.