Hindustan Copper Ltd said it is well positioned to make a strategic entry into the critical minerals sector by leveraging its expertise in hard rock mining and mineral beneficiation. The company indicated that the move aligns with national technological and economic priorities and will support the broader green energy transition. The narration stated that the entry is part of an aggressive expansion into exploration and development of critical minerals.

Hindustan Copper has signed multiple agreements with public sector undertakings such as Oil India Ltd and Coal India Ltd to explore, mine and develop copper, nickel, cobalt and rare earth elements. The company said these collaborations aim to reduce import dependence and strengthen domestic supply chains for clean energy technologies. The strategy is intended to position the firm as a domestic supplier for emerging demand from data centres, renewable projects and defence applications.

The company reported more than a two-fold jump in consolidated profit to Rs 1,563 million (mn) for the December quarter, driven by higher revenues. This compared with Rs 628.7 mn in the year ago period and reflected improved operational performance. Consolidated revenue rose to Rs 6,873.4 mn in the October to December period from Rs 3,277.7 mn in the corresponding quarter last year.

The state owned firm plans to triple ore production capacity from the current four million tonne (t) per annum to 12.2 MTPA by 2030-31, supporting planned output growth. Hindustan Copper remains engaged in copper ore mining and holds the operating mining leases for copper ore in the country. Management indicated that the expansion of capacity and resources is central to the company's role in supporting national energy and industrial objectives.