Hindustan Copper Declared Preferred Bidder for Key Mineral Block in Madhya Pradesh

Executive Summary We are pleased to announce a significant milestone in our strategic growth roadmap. Hindustan Copper Limited (HCL) has been officially declared the Preferred Bidder for the Baghwari-Khirkhori Copper and Associated Mineral Block in the state of Madhya Pradesh. This development reinforces our position as India's premier vertically integrated copper producer and aligns with our long-term resource security strategy. Transaction Highlights Asset: Baghwari-Khirkhori Copper and Associated Mineral Block. Authority: Directorate of Geology and Mining, Government of Madhya Pradesh. Process: The company participated in the composite licence e-auction concluded on January 22, 2026, emerging as the highest final price offeror. Status: Formal communication confirming HCL as the preferred bidder was received on January 22, 2026. Strategic Implications This acquisition is a critical step in augmenting our mineral inventory. As India’s only vertically integrated copper miner, securing new reserves is vital to sustaining our value chain—from mining and beneficiation to smelting and refining. This win complements our recent operational achievements, specifically the commencement of underground mining operations at the Kendadih Copper Mine in the Ghatshila region, Jharkhand, announced last week. Together, these developments demonstrate robust execution capabilities and a proactive approach to capacity expansion. Market Positioning & Outlook HCL remains uniquely positioned to capitalize on the secular tailwinds driving the copper sector, particularly the rising demand from: Green Energy Transition: Power generation and renewable infrastructure. Electric Mobility: The rapid expansion of the Electric Vehicle (EV) ecosystem. Infrastructure Development: National urbanization and industrial projects. Stock Performance Note Reflecting market confidence in our growth trajectory, HCL shares have shown resilience and momentum.