Hindustan Copper and Coal India Ink Pact to Explore Strategic Mineral Assets

Hindustan Copper Ltd (HCL) and Coal India Ltd (CIL), both government-owned enterprises, have signed a Memorandum of Understanding (MoU) to jointly assess opportunities in the copper and critical minerals sectors. The collaboration is aimed at identifying high-potential projects and exploring partnerships with global players in these domains. Notably, the MoU is non-binding and serves as a framework for future cooperation. Financial and Strategic Highlights Diversification Drive: HCL is actively expanding its footprint beyond copper, targeting rare earth and critical mineral blocks. It has also signed similar MoUs with Indian Oil and RITES to strengthen its position in upcoming mineral auctions. Investment Plans: The company has outlined a ₹2,000 crore investment roadmap to scale up its mining capacity from 4 MTPA to 12.2 MTPA by FY31. Revenue Growth: For FY25, HCL reported its highest-ever operational revenue at ₹2,070.97 crore, marking a 21% year-on-year increase