Hindustan Copper Share Price

Hindustan Copper Limited, based in Kolkata, is a Government of India owned listed company under Ministry of Mines and is engaged in the mining sector primarily focusing on copper production, beneficiation, smelting, refining and continuous cast rod manufacturing. Hindustan Copper share price on BSE and NSE is influenced by how the market responds to company results, developments in global metals markets, and supply and demand dynamics for copper at a global level.  

Hindustan Copper stock prices on NSE, BSE are affected by the global copper prices, supply disruptions, mining output, production costs, demand from construction and electrical sectors, and overall commodity market trends. Strong copper price periods support the stock, and metal price declines could hurt investor sentiment and the stock’s performance. Tracking these underlying drivers provide indications on how Hindustan Copper’s share price may perform across various market cycles.  

The Hindustan Copper live share price provides you with real-time updates on the last traded price, bid and ask price, along with the traded volume. These numbers show market activity and liquidity in response to news and quarterly earnings reports as well as macroeconomic conditions. Monitoring live prices regularly can also assist in identifying s͏hort-term volatility and assessing the movement of share prices in relation to changes in commodity prices and movements in the overall stock market.  

You can also view Hindustan Copper share price today to check how it is performing compared to other listed metal and mining companies and key indices. These comparisons show how the stoc͏k ranks within the metals sector and also when compared to the broader equity benchmarks such as the Nifty Metal Index.  

Hindustan Copper Limited Company Fundamentals 

Hindustan Copper Company Background 

Hindustan Copper Limited (HCL) is a Schedule ‘A’ Mini-Ratna, Category-I Central Public Sector Enterprise (CPSE) functioning under the Ministry of Mines. Incorporated in 1967 under the Indian Companies Act, 1956, HCL holds the distinction of being India’s only company engaged in copper ore mining, managing all the operating mining leases for copper ore across the country. The company primarily focuses on exploration, mining, and beneficiation of copper ore, producing and selling copper concentrate. HCL operates key copper mines at Malanjkhand in Madhya Pradesh, Khetri in Rajasthan, and Ghatsila in Jharkhand. Its processing infrastructure includes a primary smelter and refinery at Ghatsila, secondary smelter and refining facilities at Jhagadia in Gujarat, and a Continuous Cast Copper Wire Rod plant at Taloja in Maharashtra. However, operations at the Jhagadia and Ghatsila smelting and refining units have been suspended since 2019 due to business considerations, while activities at the Taloja plant are currently limited to third-party tolling. This setup positions HCL as a vertically integrated copper producer, contributing to India’s domestic copper supply chain. 

Hindustan Copper Company Product Lines 

• Copper Concentrate (graded concentrate from ore beneficiation)  
• Copper Cathode (refined copper metal)  
• Continuous Cast Copper Wire Rod (various diameters)  
• Copper Wire Bar (downstream copper product)  
• Sulphuric Acid (byproduct from smelting operations)  
• Copper Sulphate (byproduct)  
• Anode Slime (containing precious metals such as gold and silver)  
• Reverts (recycled/returned material from processing)  
• Nickel Cathode (byproduct)  

Hindustan Copper Company Revenue Model 

• Sale of Copper Concentrate (MetalinConcentrate): Revenue from beneficiation of copper ore mined at Malanjkhand, Khetri, and Ghatsila. This forms the core revenue source. 
• Sale of Refined Copper Products: Income from selling copper cathodes produced from smelting and refining operations. 
• Sale of Continuous Cast Copper Wire Rods (CC Rods): Revenue from manufacturing and selling CC Rods for industrial applications such as electrical wiring. 
• Sale of ByProducts: Income from by-products like sulphuric acid generated during smelting processes. 
• Sale of Copper Sulphate and Chemical Derivatives: Revenue from chemical products obtained during copper processing operations. 
• Scrap Copper Recycling and Sales: Income from processing and selling recycled copper materials. 
• Exports of Refined Copper and Copper Products: Revenue generated from international sales, providing foreign demandlinked income. 
• Sale of Other Mined Minerals and Associated Metals: Income from nickel and other recoverable elements in processing streams. 
• Sale of Services / Tolling Activities: Revenue from processing or tolling services provided to third parties, such as operations at the Taloja plant. 
• Other Operating Revenue: Miscellaneous income from ancillary operations and sales not directly related to primary products. 

Hindustan Copper Geographic Presence 

• Corporate and Registered Office – Kolkata, West Bengal: Headquarters and primary administrative centre of Hindustan Copper Ltd. 
• Regional Office – Delhi: Office for northern regional coordination and liaison. 
• Regional Office – Mumbai, Maharashtra: Western regional office focusing on corporate and sales activities. 
• Khetri Copper Complex (KCC), Rajasthan: Mining and ore beneficiation unit located in Khetrinagar, Jhunjhunu district. 
• Indian Copper Complex (ICC), Ghatsila, Jharkhand: Integrated facility handling mining, beneficiation, and smelting/refining operations. 
• Malanjkhand Copper Project (MCP), Madhya Pradesh: Major openpit copper mining and ore beneficiation unit in Balaghat district. 
• Taloja Copper Project (TCP), Maharashtra: Continuous Cast Copper Wire Rod manufacturing facility located in Taloja, Raigad district. 
• Gujarat Copper Project (GCP), Jhagadia, Gujarat: Secondary smelter and refining facility (operations suspended since 2019) in Bharuch district. 
• Northern Regional Sales Office – Delhi: Office for market and sales coordination in northern India. 
• Western Regional Sales Office – Mumbai: Office for sales and distribution activities in western India. 
• Southern Regional Sales Office – Bangalore, Karnataka: Sales coordination office for southern region markets. 
• Additional Sales/Support Locations – Jaipur (Rajasthan), Sahibabad (Uttar Pradesh), Bangalore (Karnataka), Kolkata (West Bengal), Hyderabad (Andhra Pradesh): Offices and godowns supporting logistics and sales networks across states. 

Hindustan Copper Key milestones 

• 1967: Hindustan Copper (Pvt) Ltd incorporated on November 9 under the Indian Companies Act, 1956. 
• 1968: Converted into a Public Limited Company on February 27 and renamed Hindustan Copper Limited; assets of National Mineral Development Corporation Ltd at Khetri, Rajasthan transferred to the company. 
• 1972: Government of India nationalised Indian Copper Corporation Limited at Ghatsila, Jharkhand, and handed it over to HCL. 
• 1994: Equity shares of HCL listed on Bombay Stock Exchange Ltd (BSE). 
• 1999, 2002, 2008: Government of India approved company restructuring; in 2008, HCL granted Miniratna Category-I status. 
• 2013-14: Government sold 3,71,19,152 equity shares via Offer for Sale, reducing shareholding from 94.01% to 90% to comply with SEBI minimum public shareholding norms. 
• 2021: HCL invested Rs. 75 lakh in JV company Khanij Bidesh India Ltd (KABIL) and Rs. 14.80 lakh in subsidiary CCL. 
• 2022: Additional investments of Rs. 9 crore in KABIL and Rs. 7.4 lakh in CCL. 
• FY 2022-23: Completed 17,249 m of surface drilling and 12,660 m of underground definition drilling; ore bodies proved up to 650 m vertical depth in Rakha Block and 750 m in Kendadih Block; copper ore reserves at 631.85 million tonnes. 
• 2024: Commissioned 4.5 MWp Ground Mounted Solar Plant at MCP; installed underground mine communication system with leaky feeder cables; Surda Mine capacity increased to 0.9 MTPA; solar panels installed at KCC Hospital. 
• FY 2024-25: Malanjkhand underground project achieved ore production of 27.252 lakh tonnes, a 7% increase over previous year; 3.00 MTPA Paste Fill Plant commissioned in February; Surda Mine operations resumed on 5 October 2024. 
• 2025: Signed MoU with CODELCO, Chile for expertise exchange in mineral exploration and processing; signed MoU with Madhya Pradesh State Mining Corporation Ltd and Directorate of Geology & Mining for exploration of critical minerals, including copper. 

Hindustan Copper Leadership 

Some of the key leaders of Hindustan Copper Limited, as of January 2026 are – 

• Shri Sanjiv Kumar Singh – CMD, Hindustan Copper Limited, Kolkata 
• Dr. Sanjeev Kumar Sinha – Director (Operations) & Addl. Charge Director (Mining), Hindustan Copper Limited, Kolkata 
• Shri RVN Vishweshwar – Director (Finance), Hindustan Copper Limited, Kolkata 
• Shri Shakil Alam – Economic Adviser, Ministry of Mines, Government of India, New Delhi 
• Shri Ashish Saxena – Deputy Secretary, Ministry of Mines, Government of India, New Delhi 
• Shri Avinash Janardan Bhide – Practicing Advocate, Independent Director 

Industry perspective 

The Indian copper market is on a steady growth path, underpinned by increasing demand from infrastructure projects, power transmission, electric vehicles, and renewable energy systems. Domestic demand is projected to grow at a CAGR of around 6–6.6% through 2030, with the market size expected to reach about USD 38.7 billion by 2030 from around USD 25.4 billion in 2023. This expansion reflects strong activity in construction, clean technology, and industrial sectors, even as domestic refining meets only a portion of the total requirement, keeping import dependence high.  Copper demand in India is forecast to more than double over the next decade, driven by electrification and digital infrastructure buildout, which supports a positive longterm outlook for producers. 

Within this landscape, metal mining companies like Hindustan Copper Ltd. play a strategic role in securing supply stability.  Its position as India’s leading copper miner means it is wellplaced to benefit from rising domestic demand, infrastructure spend, and the clean energy transition — potentially lifting its share price as market fundamentals strengthen.  

Hindustan Copper Limited Stock Market Presence: Listings & Index Representation 

Hindustan Copper is listed on major Indian stock exchanges with the NSE symbol HINDCOPPER and BSE Scrip Code 513599 following its public listing after the company’s establishment in 1967 and subsequent expansion of equity trading. Its presence on these platforms ensures accessibility for domestic and global investors.  

Hindustan Copper’s inclusion in key indices such as the Nifty 500, NIFTY Smallcap 100, Nifty Smallcap 250, Nifty Smallcap 50, and Nifty Metal index underscores its relevance within the broader mining and metals segment. These index placements reflect the company’s market capitalisation and its role among India’s listed small- and mid-cap mining stocks.  

Listing on both NSE and BSE provides liquidity and enhances visibility among institutional and retail participants. Representation in sector-specific and broad-market indices helps position Hindustan Copper as a trackable metal industry entity, attracting investor attention that aligns with shifts in commodity cycles and industrial metal demand 

Hindustan Copper Limited Stock Performance and Share Price History 

Hindustan Copper’s stock performance shows how a mining company’s fortunes tie closely to commodity cycles and industrial metal demand over the years, a trend clearly reflected in the Hindustan Copper share price and the Hindustan Copper stock price. As a vertically integrated copper producer, Hindustan Copper’s share price history mirrors shifts in global copper markets, supply constraints, and cyclical demand from key sectors such as construction and electrical infrastructure, all of which influence the Hindustan Copper share price. 

Over long-term horizons, the stock has experienced sharp swings across different phases of commodity markets, leading to repeated volatility in the Hindustan Copper share price and corresponding movements in the Hindustan Copper stock price. For instance, between 2018 and 2019, Hindustan Copper endured notable declines, reflecting weaker metal prices and sector headwinds that weighed heavily on the Hindustan Copper share price. Annual performance data reveals variations, such as a significant drop in 2018 with performance around -47.25%, and again in 2019 with -23.54%, underscoring the sensitivity of mining equities and the Hindustan Copper stock price to adverse market conditions. 

However, cyclical upturns have also supported strong recoveries in the Hindustan Copper share price. The years 2020 and 2021 saw resurgence in performance with positive returns of approximately 51.17% and 101.37% respectively, driven by improving commodity conditions and greater industry activity, which lifted the Hindustan Copper share price and strengthened the Hindustan Copper stock price during this recovery phase. 

More recently, 2023 delivered substantial gains with performance around 135.80%, marking a strong upward phase for the Hindustan Copper share price, followed by a meaningful increase in 2025 with approximately 109.51% growth, illustrating how sustained strength in copper prices and renewed industrial demand can lift mining stocks and the Hindustan Copper stock price. These periods of sharp improvement highlight the cyclical nature of commodity equities and how sector momentum can influence investor sentiment toward the Hindustan Copper share price. 

Performance fluctuations also reflect broader market cycles and policy influences, which are regularly observed in changes in the Hindustan Copper share price. For example, weak commodity pricing environments or global economic uncertainties may dampen mining sector valuations, putting pressure on the Hindustan Copper stock price, while supply constraints and infrastructure demand spur renewed interest and support the Hindustan Copper share price. Over the entire period from 2010 through early 2026, Hindustan Copper’s annual returns show alternating cycles of expansion and contraction, reflecting global metal trends and repeated shifts in the Hindustan Copper share price. 

Despite downturns in certain years, the stock’s history emphasizes how commodity-responsive equities can rebound with favourable market shifts, a pattern consistently seen in the Hindustan Copper share price and periodically reflected in the Hindustan Copper stock price. The long-term narrative across cycles underscores the interplay between cyclical commodity demand, production dynamics, and macroeconomic influences on the mining sector’s stock performance, all of which continue to shape the Hindustan Copper share price over time. 

Hindustan Copper Limited Investor Relevance and Portfolio Role 

Hindustan Copper holds relevance for investors seeking exposure to the metals and mining sector, particularly within small- and mid-cap allocations that reflect commodity price movements and industrial metal demand trends. As a state-owned mining entity, the stock can form part of mining-focused or metals sector portfolios, offering exposure that aligns with industrial activity and commodity cycles. 

Institutional holders in Hindustan Copper include names such as Life Insurance Corporation of India, The Vanguard Group, BlackRock, Dimensional Fund Advisors, Norges Bank Investment Management, BOI Star Investment Managers, American Century Investment Management, SBI Funds Management, and Nippon Life India Asset Management. These institutions contribute to the share register and enhance visibility among diversified investor bases. 

Among mutual fund holders, key entities include Vanguard STAR Funds – Vanguard Total International Stock ETF, Vanguard International Equity Index Funds – Vanguard FTSE Emerging Markets ETF, iShares, Inc. – iShares Core MSCI Emerging Markets ETF, Vanguard Fiduciary Trust Company Institutional Total International Stock Market Index Trust II, DFA Investment Dimensions Group Inc. – Emerging Markets Core Equity 2 Portfolio, Government Pension Fund Global, Vanguard International Equity Index Funds – Vanguard FTSE All-World ex-US Small-Cap ETF, Mutual Fund – BOI AXA Mid & Small Cap Equity & Debt Fund, iShares Public Limited Company – iShares Core MSCI EM IMI UCITS ETF, and American Century ETF Trust – Avantis Emerging Markets Equity ETF. 

Aside from ownership, derivative indicators and open interest in Hindustan Copper options provide insight into how traders and investors position around expected movements driven by copper price volatility and quarterly earnings results. Monitoring these patterns can offer additional context on short-term market sentiment. 

Hindustan Copper’s beta values reflect its volatility profile relative to broader markets. On a long-term basis, the beta is approximately 1.70, with daily one-month range around 1.77, daily three-month range around 1.59, weekly one-year range 1.76, weekly two-year range 2.09, twoweek twoyear range 2.03, and monthly twoyear range near 1.22, indicating heightened sensitivity to broader metal and equity market swings. These beta measures show that Hindustan Copper’s stock price moves more than the broader market, typical of commodity-linked equities. 

Hindustan Copper Limited Sectoral Relevance and Peer Positioning 

Hindustan Copper’s sector relevance stems from its position in the mining and metals industry, particularly in copper production, beneficiation, and refining. Comparisons with other mining and nonferrous peers such as Hindalco Industries, Vedanta Ltd, and ACC (if relevant for metals exposure) focus on mineral output, cost structures, production capacity, and responsiveness to global commodity cycles rather than short-term stock moves. These benchmarks help assess operational scale, cost efficiencies, and market positioning within the metals sector. 

Hindustan Copper’s P/E ratio, as of January 2026 (TTM) stands at around 110, reflecting how the market values its earnings relative to mining sector earnings, which tend to fluctuate with commodity prices and earnings performance. Historical P/E data shows periods of higher valuations, such as around 248 during past cycles, followed by adjustments that align with shifting industrial demand and market expectations. 

Earnings per share (EPS) provide insight into operational performance and profitability. In 2025 (TTM), Hindustan Copper’s EPS reached approximately ₹4.98, reflecting improved profitability relative to earlier years. Historical EPS data indicates that EPS was around ₹1.78 in 2018, rising from lower levels in previous years as the company navigated through different commodity and production environments. 

Market capitalisation for Hindustan Copper stood at approximately ₹554.12 billion as of January 2026, illustrating the company’s size relative to industry peers and its valuation within the metals and mining landscape. Market cap history shows a growth trajectory reflecting expanded investor interest and sector momentum, including notable increases in recent years that correspond with strong performance periods. 

Hindustan Copper’s earnings history highlights the cyclical nature of mining profits. Earnings climbed to ₹7.70 billion in 2025 (TTM), up from ₹5.57 billion in 2024 and ₹4.00 billion in 2023, illustrating growth in operational results as metal markets strengthened. 

Overall, Hindustan Copper’s sector role, valuation metrics, profitability, and market capitalisation contextualise its positioning among mining equities. These elements provide a comprehensive framework to understand how it compares with peers and responds to broader commodity and industrial demand trends. 

Summary 

Hindustan Copper Limited (HCL), headquartered in Kolkata, is India’s only vertically integrated government-owned copper producer, operating across mining, beneficiation, smelting, refining, and continuous cast rod manufacturing. Key mines include Malanjkhand, Khetri, and Ghatsila, with processing units at Ghatsila, Jhagadia, and Taloja. HCL’s products include copper concentrate, cathodes, CC rods, by-products, and nickel cathodes. Listed on NSE and BSE, it is part of Nifty Metal and other indices. Its stock reflects global copper prices, industrial demand, and commodity cycles. Market cap stands at ₹554.12 billion (Jan 2026), with rising EPS and earnings, supported by domestic infrastructure and renewable energy growth.