New Delhi: Hindustan Copper Limited (HCL) has reported its strongest-ever financial results for the fiscal year 2024–25, reflecting robust operational performance and favorable market dynamics in the copper industry. The announcement was made during the company’s 58th Annual General Meeting (AGM), held virtually on Thursday.
Addressing shareholders, Chairman and Managing Director Sanjiv Kumar Singh revealed that HCL achieved a record revenue from operations of ₹2,070.97 crore, marking a 21% increase compared to ₹1,717 crore in FY 2023–24. Furthermore, the company’s Profit After Tax (PAT) surged by 42%, rising from ₹295.41 crore to ₹468.53 crore.
“This has been a landmark year for Hindustan Copper. Our financial results are a testament to improved operational efficiency, strategic planning, and growing market demand,” said Singh.
Shareholders to Benefit: 29.20% Dividend Proposed
In line with its strong financial position, HCL’s Board of Directors has recommended a dividend payout of 29.20% on the paid-up capital, translating to ₹1.46 per share of ₹5 face value. This proposal is now subject to shareholders’ approval.
Read also: Hindustan Copper Introduces ₹1 Crore GPA Insurance and Common Uniform for Employee Welfare
Operational Growth, Expansion Plans & ESG Initiatives
During the AGM, Singh also provided insights into:
- The domestic and global copper market outlook
- Key operational and financial milestones
- HCL’s ongoing and planned expansion projects
- The company’s social and environmental responsibility efforts
HCL has been ramping up its focus on sustainability, green mining practices, and community development, aligning with national goals of responsible mining and sustainable industrial growth.
High-Level Participation from Board and Ministry
The AGM was attended by several senior executives and government officials, including:
- Dr. Sanjeev Kumar Sinha, Director (Operations) & Director (Mining – Addl. Charge)
- R V N Vishweshwar, Director (Finance)
- Shakil Alam and Dr. Ashish Saxena, Government Nominee Directors
- Avinash Janardan Bhide, Independent Director
- Mritunjay Kumar Dev, Company Secretary & Compliance Officer
- Bappa Dey, Under Secretary, Ministry of Mines (Nominee of the President of India)
- Along with 81 members of the company
The management reiterated its commitment to delivering long-term value to shareholders while supporting the nation’s metal security, infrastructure growth, and economic development.
Outlook: Positioned for Future Growth
With rising demand for copper in sectors such as renewable energy, electric vehicles, and infrastructure, HCL is well-positioned to sustain its growth trajectory. The company aims to continue enhancing production efficiency, exploring new reserves, and strengthening its supply chain resilience.
About HCL
Hindustan Copper Limited (HCL) is a government-owned enterprise and India’s sole vertically integrated copper producer, operating mines, beneficiation plants, and smelting facilities to produce refined copper products like cathodes and copper wire rods. Established in 1967 under the Ministry of Mines, HCL holds all operating copper mining leases in the country and has plans to significantly expand its mining capacity. The company’s main operations are in Khetri (Rajasthan), Malanjkhand (Madhya Pradesh), and Ghatsila (Jharkhand), with additional facilities in Taloja (Maharashtra) and Jhagadia (Gujarat).
