The company took part in the Notice Inviting Tender (NIT) issued on October 31, 2025, by the Directorate of Geology and Mining, Government of Madhya Pradesh, for the award of a mining lease and composite licence.
Hindustan Copper reported that the forward e-auction for the composite licence for the Baghwari-Khirkhori copper and associated mineral block was successfully completed on January 22, 2026, with the communication sent to the company on the same day.
Also Read: Hindustan Copper shares fall 12% from highs as prices in global markets cool-off
After the e-auction, Hindustan Copper was identified as the highest final price offeror and has thus been declared the preferred bidder for the block.
Last week, Hindustan Copper Ltd revealed that it has started underground mining operations at the Kendadih Copper Mine in Jharkhand’s Ghatshila region. The company’s stock experienced a significant rally during the last week of December 2025, achieving its best weekly performance since February 2021, when shares surged 73% in one week.
Hindustan Copper stands as India’s only vertically integrated copper miner, positioning it as a key player in the rising demand from the power, electric vehicle, and infrastructure sectors. The state-owned company’s operations cover the entire value chain, including mining, beneficiation, smelting, and refining.
Also Read: Hindustan Copper shares jump 11% on Friday; Here’s why
On Friday (January 24), Hindustan Copper Ltd’s shares closed at ₹535.55, increasing by ₹3.75, or 0.71%, on the BSE.
