New Delhi: State-owned mining company Hindustan Copper Limited (HCL) has emerged as the preferred bidder for the Composite Licence (CL) of the Baghwari–Khirkhori copper and associated mineral block located in Sidhi district of Madhya Pradesh.
The development was confirmed by the public sector undertaking through a post shared on social media platform X on Saturday.
Composite Licence Awarded Through Competitive E-Auction
According to available information, the mineral block was notified by the Government of Madhya Pradesh, and the forward e-auction for the grant of the composite licence was conducted on January 22.
The auction process was carried out by the Directorate of Geology and Mining, Government of Madhya Pradesh, under a Notice Inviting Tender (NIT) dated October 31, 2025. The NIT covered the grant of mining leases and composite licences across the state.
HCL Submits Highest Final Price Offer
Hindustan Copper Limited participated in the competitive bidding process and submitted the highest final price offer for the Baghwari–Khirkhori copper and associated mineral block.
Following the evaluation of bids, HCL was declared the preferred bidder for the composite licence. The official communication confirming the auction outcome was received by the company on January 22.
Strategic Importance of the Mineral Block
The Baghwari–Khirkhori block is considered significant due to the presence of copper and associated minerals, which are critical for infrastructure development, renewable energy, electric vehicles, and industrial manufacturing.
The successful bid further strengthens HCL’s role in supporting India’s domestic copper production and reducing dependence on imports.
About Hindustan Copper Limited
Hindustan Copper Limited is a Government of India enterprise and the country’s only vertically integrated copper producer, engaged in exploration, mining, beneficiation, smelting, refining, and continuous cast rod production. The company plays a key role in meeting India’s copper requirements and contributes to the nation’s mineral security and industrial growth.
