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Hindustan Copper Ltd. has received forest clearance from the Rajasthan government for mining operations at its Chandmari copper mine in the Jhunjhunu district.
In an exchange filing on Tuesday, June 24, the state-owned miner said the Forest Department of Rajasthan, via a letter dated June 19, 2026, granted forest clearance for the Chandmari copper mine. The company received the approval on June 23.
According to the filing, the forest clearance is co-terminus with the lease period of the Chandmari mining lease.
Hindustan Copper did not provide further details regarding the mine's production capacity or the timeline for commencement of mining operations in the filing.
Earlier this month, the company had said that it is executing a massive capital expenditure programme under which it will spend ₹7,189 crore over the next five years to increase its mining capacity by three times.
In May, Chairman and Managing Director Sanjiv Kumar Singh had said the company is targeting copper ore output of nearly 4.7 million tonne in FY27, compared to 3.67 million tonne in FY26, supported by higher production from its Malanjkhand, Khetri and Jharkhand mines.
Singh had also said the company expected to maintain EBITDA margins above 40%, aided by strong domestic demand and a favourable currency environment despite volatility in global copper prices.
For the March quarter, Hindustan Copper reported a net profit of ₹444.3 crore, up from ₹187.2 crore last year . Revenue rose 58% year-on-year to ₹1,156 crore from ₹731.4 crore, while EBITDA surged to ₹627 crore from ₹266 crore a year earlier. The company's operating margin expanded to 54.3% from 36.4% in Q4FY25.
Shares of the company were trading near the day's highs at ₹499.25 at 11.57 am on Tuesday, still 0.21% below Monday's closing. The stock has gained about 94% over the last year.
Also Read: Tata Motors CV shares gain after bullish analysts expect stock to cross ₹500 levels
In an exchange filing on Tuesday, June 24, the state-owned miner said the Forest Department of Rajasthan, via a letter dated June 19, 2026, granted forest clearance for the Chandmari copper mine. The company received the approval on June 23.
According to the filing, the forest clearance is co-terminus with the lease period of the Chandmari mining lease.
Hindustan Copper did not provide further details regarding the mine's production capacity or the timeline for commencement of mining operations in the filing.
Earlier this month, the company had said that it is executing a massive capital expenditure programme under which it will spend ₹7,189 crore over the next five years to increase its mining capacity by three times.
In May, Chairman and Managing Director Sanjiv Kumar Singh had said the company is targeting copper ore output of nearly 4.7 million tonne in FY27, compared to 3.67 million tonne in FY26, supported by higher production from its Malanjkhand, Khetri and Jharkhand mines.
Singh had also said the company expected to maintain EBITDA margins above 40%, aided by strong domestic demand and a favourable currency environment despite volatility in global copper prices.
For the March quarter, Hindustan Copper reported a net profit of ₹444.3 crore, up from ₹187.2 crore last year . Revenue rose 58% year-on-year to ₹1,156 crore from ₹731.4 crore, while EBITDA surged to ₹627 crore from ₹266 crore a year earlier. The company's operating margin expanded to 54.3% from 36.4% in Q4FY25.
Shares of the company were trading near the day's highs at ₹499.25 at 11.57 am on Tuesday, still 0.21% below Monday's closing. The stock has gained about 94% over the last year.
Also Read: Tata Motors CV shares gain after bullish analysts expect stock to cross ₹500 levels
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