Hindustan Copper Ltd (HCL) reported its highest-ever annual revenue and profit after tax (PAT) in FY 2024-25, as the state-owned miner outlined expansion plans and sustainability targets at its 58th Annual General Meeting (AGM) held on Thursday, September 25.
Record financial performance
The company’s revenue from operations rose 21 per cent year-on-year to Rs 2,070.97 crore in FY 2024-25, compared with Rs 1,717 crore a year earlier. PAT surged 42 per cent to Rs 468.53 crore from Rs 295.41 crore in FY 2023-24.
Profit before tax climbed 54 per cent to Rs 633.51 crore, while the EBITDA margin improved to 38 per cent from 34 per cent.
The Board recommended a dividend of 29.20 per cent, equivalent to Rs 1.46 per share of face value ₹5. The payout, amounting to about Rs 141 crore, is the highest in the company’s history.
Expansion and mining outlook
Chairman and Managing Director Sanjiv Kumar Singh told shareholders that HCL is on track to triple its mining capacity to 12.2 million tonnes per annum by FY 2030-31. Projects include doubling capacity at the Malanjkhand Copper Project in Madhya Pradesh, expansion of the Khetri Copper Complex in Rajasthan, and reopening of closed mines in Jharkhand such as Rakha and Kendadih.
HCL also awarded its first mine developer and operator (MDO) contract for underground metal mining, a step seen as a milestone in India’s copper sector.
Copper demand on the rise
Singh noted that global copper demand is projected to rise three per cent in 2026, fuelled by renewable energy, electric vehicles, digital infrastructure and power grid upgrades. India’s demand is also expected to accelerate, with apparent consumption projected to nearly double by 2030 to 3–3.3 million tonnes.
“India accounts for about three per cent of global copper demand today and is expected to surpass the US by mid-century,” Singh said.
Partnerships and sustainability push
In April 2025, HCL signed a memorandum of understanding with Chile’s state-owned Codelco to share technical know-how in exploration and processing. HCL has joined hands with Indian PSUs, including Coal India, Indian Oil, and GAIL, to work on key mineral projects.
Sustainability efforts
At its AGM, HCL highlighted several community-focused initiatives. These include programmes for healthcare, safe drinking water, skill development, and education. A new CSR initiative, Arogyadayani, will support girls from villages near its mining operations to pursue nursing courses, giving them a chance to build careers in healthcare. In addition, the company has rolled out enhanced accident insurance schemes for employees and contractual workers in partnership with banks, including a Rs 1 crore cover for regular staff under its corporate salary package.
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