Hindustan Copper begins underground mining in Jharkhand

State-owned Hindustan Copper Ltd on Friday, January 16, 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.

In the same month, Hindustan Copper said it had executed a Memorandum of Understanding with NTPC Mining Ltd (NML) to collaborate on copper and critical minerals development. The agreement enables the two companies to jointly participate in copper and critical minerals block auctions, as well as collaborate on exploration,

mining and processing activities.

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.

On Friday, Hindustan Copper share price settled at ₹561.75 apiece on the NSE, down 1.93%.

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