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Hindustan Copper Ltd ( (IN:HINDCOPPER) ) has provided an announcement.
Hindustan Copper Ltd has been declared the preferred bidder for a composite licence covering the Baghwari-Khirkhori copper and associated mineral block in Madhya Pradesh, after submitting the highest final price offer in a forward e-auction conducted by the state’s Directorate of Geology and Mining. The win strengthens the company’s resource base and potential future production pipeline in a key mineral-rich state, underscoring its strategic push to secure additional copper reserves that could enhance long-term supply security and support its growth ambitions in India’s metals sector.
More about Hindustan Copper Ltd
Hindustan Copper Ltd is a state-owned enterprise engaged in the exploration, mining, beneficiation, smelting, refining and production of copper and associated minerals in India, supplying key raw materials to sectors such as power, infrastructure and manufacturing.
Average Trading Volume: 2,468,989
Technical Sentiment Signal: Buy
Current Market Cap: 514.3B INR
For an in-depth examination of HINDCOPPER stock, go to TipRanks’ Overview page.