Hindustan Copper, NTPC Mining sign MoU to jointly pursue copper and critical mineral projects

State-owned Hindustan Copper Ltd (HCL) on Tuesday (December 1) said the company and NTPC Mining Ltd (NML) have executed a Memorandum of Understanding to collaborate across copper and critical minerals development.

The agreement enables the two companies to jointly participate in copper and critical minerals block auctions and work together on exploration, mining and processing activities.

Under the MoU, HCL and NML will assess opportunities for joint investments aimed at developing, mining and processing minerals from HCL’s existing asset base.

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The partnership also extends to evaluating potential collaboration across domestic and overseas copper and critical mineral projects, covering both current and future assets.

Second Quarter Results

The company's net profit jumped 82.3% year-on-year to ₹186 crore, compared with ₹102 crore in the same quarter last year.

Its revenue rose 39% to ₹718 crore from ₹518 crore a year ago. EBITDA surged 86.3% to ₹282 crore, while margins expanded to 39.3% from 29.2% in the year-ago period.

Shares of Hindustan Copper Ltd ended at ₹338.50, down by ₹0.75, or 0.22%, on the BSE.

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