Hindustan Copper declared preferred bidder for Baghwari-Khirkhori copper block in Madhya Pradesh

State-owned Hindustan Copper Ltd (HCL) on Saturday (January 24) said it has been declared the preferred bidder for the Baghwari-Khirkhori copper and associated mineral block in Madhya Pradesh.

The company participated in the Notice Inviting Tender (NIT) dated October 31, 2025, issued by the Directorate of Geology and Mining, Government of Madhya Pradesh, for the grant of a mining lease and composite licence.

Hindustan Copper said the forward e-auction for the grant of the composite licence for the Baghwari-Khirkhori copper and associated mineral block was successfully concluded on January 22, 2026, with the communication received by the company on the same day.

Also Read: Hindustan Copper shares fall 12% from highs as prices in global markets cool-off

Following the conclusion of the e-auction, Hindustan Copper emerged as the highest final price offeror and has accordingly been declared the preferred bidder for the block.

Last week, Hindustan Copper Ltd announced that it has commenced underground mining operations at the Kendadih Copper Mine in Jharkhand’s Ghatshila region. The company’s stock witnessed a sharp rally in the last week of December 2025, marking its best weekly performance since February 2021, when the shares had surged 73% in a single week.

Hindustan Copper is India’s only vertically integrated copper miner, positioning it as a key beneficiary of rising demand from the power, electric vehicle and infrastructure sectors. The state-owned company’s operations span the entire value chain, including mining, beneficiation, smelting and refining.

Also Read: Hindustan Copper shares jump 11% on Friday; Here's why

On Friday (January 24), shares of Hindustan Copper Ltd ended at ₹535.55, up by ₹3.75, or 0.71%, on the BSE.