Business Update29 May 2026, 03:46 pm
Hindustan Copper to Restart Gujarat Plant via Revenue Sharing
AI Summary
Hindustan Copper Ltd's board approved several proposals in its meeting on May 29, 2026. Key decisions include awarding a contract to Lohum Materials for restarting the Gujarat Copper Plant on a revenue-sharing model for 20 years, with a possible 5-year extension. Additionally, MoUs will be executed with Central University of South Bihar, Gaya for CSR, education, and research collaboration; Engineers India Limited for pre-project, engineering, and technical services; and CSIR-NML Jamshedpur for R&D projects at the Indian Copper Complex. The board also discussed exploring copper blocks in Madhya Pradesh, Chhattisgarh, Jharkhand, West Bengal, and Sikkim.
Key Highlights
- Gujarat Copper Plant to restart operations under a 20-year revenue-sharing model with Lohum Materials.
- HCL to collaborate with Central University of South Bihar on CSR and research projects.
- MoU planned with Engineers India Limited for engineering and technical services.
- R&D agreement in works with CSIR-NML Jamshedpur for Indian Copper Complex.
- HCL to explore copper block exploitation in multiple states.
Price Impact
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