Hindustan Copper Ltd gets green nod for Chandmari mine in Rajasthan

State-owned Hindustan Copper Ltd (HCL) said it has received forest clearance from the Government of Rajasthan for mining at the Chandmari copper mine in the State.

In a filing to the BSE, Hindustan Copper said the forest clearance is co-terminus with the lease period of the Chandmari mining lease.

“It is informed that the Forest Department, Government of Rajasthan, vide its Letter dated 19.06.2026 (received on 23.06.2026), has granted forest clearance co-terminus to Chandmari copper mine lease period in District Jhunjhunu, Rajasthan, of Hindustan Copper Ltd,” the filing said. Hindustan Copper had earlier said that it has planned a capital expenditure of Rs 7,188.90 crore over the next five years for the expansion of its mines.

The company is planning a capex of Rs 450.51 crore in the current year, followed by a spending of Rs 1,421.73 crore in 2027, and Rs 1,993.70 crore in 2028. Also, the company will spend Rs 2,227.18 crore in 2029 and Rs 1,095.48 crore in 2030.

The copper producer had said that it is also targeting to increase its production capacity, with total ore production projected to rise from 4.21 million tonnes per annum (MTPA) in 2025-26 to 12.20 MTPA by 2029-30, according to HCL’s Corporate Plan - Vision 2030, a comprehensive road map designed to steer the company into its next phase of growth and transformation.

The company also expects its profit after tax (PAT) to go up from Rs 589 crore in 2026 to Rs 1,568 crore by 2030.

Dividend payouts are expected to increase in line with earnings growth over the same period, it had said.

HCL also launched its IT Vision Document 2026-2030, setting the foundation for a digitally integrated and future-ready organisation.

Hindustan Copper is the only company in India engaged in copper ore mining and holds all the operating mining leases for copper ore in the country.

The company’s current focus lies in exploration, mining and beneficiation of copper ore to produce and sell copper concentrate. HCL operates copper mines at Malanjkhand (Madhya Pradesh), Khetri (Rajasthan) and Ghatsila (Jharkhand).

It has facilities of a primary smelter and refinery at Ghatsila (Jharkhand), secondary smelter and refining facilities at Jhagadia (Gujarat) and a continuous cast copper wire rod plant at Taloja (Maharashtra).