Here’s why Hindustan Copper shares surged over 8% on Monday

Shares of Hindustan Copper Ltd surged on Monday, hitting an intraday high of ₹305.40, up more than 8%, and were trading around ₹298.71 on the NSE at 2:06 pm, making the state-run miner one of the top gainers in trade.

The surge came after the company said it had executed a mining lease deed for the Rakha Copper Mine in Jamshedpur, extending the lease for another 20 years.

In an exchange filing, Hindustan Copper noted, “It is informed that Rakha Mining Lease Deed has been executed between Hindustan Copper Limited (HCL) and District Commissioner (DC), Jamshedpur on September 19, 2025 for an extended period of 20 years.”

The extension is a significant step towards reopening and expanding operations at Rakha, one of the company’s key copper assets. 

Adding to the momentum, Oil India Ltd separately signed an MoU with Hindustan Copper on Friday to collaborate on exploration and development of critical minerals, including copper.

The move is in line with the government’s National Critical Minerals Mission and highlights growing collaboration between energy and mining PSUs to build domestic resource security, the company said.

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Hindustan Copper has also been posting steady financial gains. For the June quarter, net profit rose 18.4% year-on-year to ₹134 crore, while revenue increased 4.6% to ₹516.4 crore. EBITDA margins expanded to 41% from 38.2% a year earlier.



Technically, the stock is trading above all its key moving averages — 5-day, 20-day, 50-day, 100-day and 200-day — reinforcing the bullish undertone in price performance.