New Delhi: Hindustan Copper Limited (HCL), a Miniratna Category-I Central Public Sector Enterprise under the Ministry of Mines, held its 59th Annual General Meeting (AGM) on September 23, 2026, through Video Conferencing and Other Audio-Visual Means.
The AGM was chaired by Anupam Misra, Chairman and Managing Director, Hindustan Copper, who briefed shareholders on the company’s physical and financial performance, mine expansion plans, social and environmental initiatives, copper market developments and the outlook for the sector.
During the meeting, HCL highlighted strong growth in ore production, Metal-in-Concentrate (MIC) production, revenue and profitability, along with the approval of a final dividend and the company’s upgraded long-term credit rating.
HCL Reports Strong Growth in Ore and MIC Production
Hindustan Copper reported an increase in both ore production and Metal-in-Concentrate output during FY 2026-27.
Ore production reached 3.67 million tonnes, registering a 6% year-on-year growth. Meanwhile, MIC production stood at 27,421 tonnes, marking a 9% increase over the previous year.
The company said its MIC production was the highest achieved in the past seven years.
Key production figures:
- Ore production: 3.67 million tonnes
- Year-on-year ore production growth: 6%
- MIC production: 27,421 tonnes
- Year-on-year MIC growth: 9%
- MIC production: Highest in the past seven years
The production performance reflects the company’s ongoing efforts to expand mining operations and strengthen its copper production capabilities.
Read also: Hindustan Copper Gets ICRA AAA (Stable) Rating Upgrade From AA+, A1+ Short-Term Rating Reaffirmed
Revenue From Operations Rises 49%
HCL also reported significant growth in its financial performance.
Revenue from operations increased to ₹3,077.92 crore, compared with ₹2,070.96 crore in the previous year, representing a 49% year-on-year increase.
Profitability also recorded substantial growth during the period.
- Revenue from Operations: ₹2,070.96 crore → ₹3,077.92 crore (49% growth)
- Profit Before Tax: ₹633.51 crore → ₹1,232.73 crore (95% growth)
- Profit After Tax: ₹468.53 crore → ₹920.67 crore (97% growth)
Profit Before Tax (PBT) increased to ₹1,232.73 crore, compared with ₹633.51 crore in the previous year, registering a 95% increase.
Profit After Tax (PAT) rose to ₹920.67 crore from ₹468.53 crore, representing a 97% year-on-year growth.
Shareholders Approve ₹1.86 Per Share Dividend
During the AGM, shareholders approved a dividend equivalent to 37.20% of the company’s paid-up capital, amounting to ₹1.86 per share on a face value of ₹5 per share for FY 2025-26.
This dividend is in addition to the interim dividend of ₹1 per share, equivalent to 20%, which had already been declared and paid in March 2026.
According to the company, the total dividend declared stands at 57.20% of paid-up capital.
Dividend details:
- Final dividend: ₹1.86 per share
- Face value: ₹5 per share
- Final dividend percentage: 37.20%
- Interim dividend: ₹1 per share
- Interim dividend percentage: 20%
- Total dividend percentage: 57.20%
ICRA Upgrades HCL Long-Term Credit Rating to AAA
Another key development highlighted during the AGM was the upgrade of Hindustan Copper’s long-term credit rating by ICRA.
The company’s long-term credit rating was upgraded from AA+ (Stable) to AAA (Stable) on September 22, 2026.
HCL said AAA (Stable) is the highest rating on ICRA’s long-term rating scale. The company also holds an A1+ rating on the short-term scale, which is the highest possible rating in that category.
The two ratings together represent the highest possible ratings on ICRA’s respective long- and short-term scales.
HCL Highlights Mine Expansion and Sustainability Initiatives
During the AGM, the Chairman also briefed shareholders on the company’s mine expansion plans, social and environmental initiatives, as well as developments in the global and Indian copper markets.
The discussions covered:
- Physical and financial performance
- Mine expansion plans
- Social initiatives
- Environmental initiatives
- Global copper market scenario
- Indian copper market developments
- Market trends and outlook
The company continues to focus on expanding its mining capabilities while addressing environmental and social aspects associated with its operations.
Senior Officials Attend 59th HCL AGM
The 59th AGM was attended by members of HCL’s Board and senior officials from the Ministry of Mines.
Those present included:
- Anupam Misra, Chairman & Managing Director
- Dr. Sanjeev Kumar Sinha, Director (Operations)
- RVN Vishweshwar, Director (Finance)
- Ghanshyam Das Gupta, Director (Mining)
- Kulveer Singh Yadav, Government Nominee Director
- Dr. Ashish Saxena, Government Nominee Director
- Ashish Kumar Khetan, Independent Director
- Madhumita Daolagupu, Independent Director
- Mritunjay Kumar Dev, Company Secretary & Compliance Officer
Ravi Kumar, Under Secretary, Ministry of Mines, attended the meeting as nominee of the President of India. The AGM was also attended virtually by 125 other members of the company.
Hindustan Copper Records Growth Across Key Performance Indicators
The 59th AGM highlighted the company’s performance across production, financial results and credit strength.
The key takeaways include:
- Ore production reached 3.67 million tonnes, up 6% year-on-year.
- MIC production increased 9% to 27,421 tonnes, the highest in seven years.
- Revenue from operations rose 49% to ₹3,077.92 crore.
- PBT increased 95% to ₹1,232.73 crore.
- PAT grew 97% to ₹920.67 crore.
- Shareholders approved a ₹1.86 per share final dividend.
- HCL’s long-term ICRA rating was upgraded to AAA (Stable).
The company said these developments underline its focus on production growth, financial performance, mine expansion and long-term strengthening of its operations.
About Hindustan Copper Limited
Hindustan Copper Limited (HCL) is a Miniratna Category-I Central Public Sector Enterprise under the Ministry of Mines, Government of India. The company is engaged in the exploration, mining and production of copper and copper-related products and plays an important role in India’s domestic copper industry.
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