This development is noteworthy as the company is undertaking a substantial ₹7,189 crore capital expenditure initiative aimed at tripling its mining capacity.
This ambitious plan intends to enhance ore production to satisfy the rising domestic demand driven by renewable energy, electric vehicles, and AI infrastructure.
In a communication to the BSE, the company stated, “The Ministry of Mines has notified the appointment of Anupam Misra, Director (Marketing) at Fertilisers and Chemicals Travancore Ltd (FACT Ltd), to the position of Chairman & Managing Director (CMD) of Hindustan Copper Ltd (HCL) effective from the date he takes charge on or after 01.07.2026, until his retirement on 28.02.2030, or until further notice, whichever comes first.” Misra will take over from the current CMD Sanjiv Kumar Singh, who is scheduled to retire on June 30.
“The company will initiate the necessary procedures to finalize the statutory requirements regarding the appointment of Shri Anupam Misra,” the filing continued.
Hindustan Copper Ltd has outlined a capital expenditure plan of ₹7,188.90 crore over the next five years to broaden its mining endeavors.
Also Read | Hindustan Copper aims for a 28% production increase in FY27; anticipates higher profits
The company plans to invest ₹450.51 crore this year, ₹1,421.73 crore in 2027, and ₹1,993.70 crore in 2028. Furthermore, it will allocate ₹2,227.18 crore in 2029 and ₹1,095.48 crore in 2030.
The public sector undertaking (PSU) is also focused on enhancing its production capacity, with total ore output expected to grow from 4.21 million tonnes per annum in 2025-26 to 12.20 MTPA by 2029-30, as detailed in HCL’s Corporate Plan – Vision 2030, a comprehensive strategy aimed at propelling the company into its next growth and transformation phase.
