New Delhi: State-owned Hindustan Copper Limited (HCL) has announced an ambitious capital expenditure plan of ₹7,189 crore over the next five years to expand its mining operations and boost production capacity.
The investment will focus on the development of existing mines, reopening of closed mines, and expansion of processing facilities. The move is aimed at significantly increasing the company’s copper output to meet rising domestic demand, particularly from sectors such as renewable energy, electric vehicles, and infrastructure.
Company officials stated that the expansion strategy aligns with India’s broader goal of reducing dependence on copper imports and strengthening self-reliance in critical minerals. The capex plan will also support modernization efforts, improve operational efficiency, and adopt advanced mining technologies.
Hindustan Copper is expected to scale up production in phases, with key projects spread across its major mining locations. The initiative is also likely to generate employment opportunities and contribute to regional economic development.
Industry experts view the plan as a timely step, given the increasing global demand for copper driven by the clean energy transition and rapid electrification. Strengthening domestic production capacity is seen as crucial for ensuring long-term supply security.