Hindustan Copper Shares In Focus After ₹7,000-Crore Mining Push; Stock Rises 3%

Hindustan Copper Ltd.’s share price rose 3% to a day’s high of ₹521.75 on the Bombay Stock Exchange (BSE) on Tuesday after the company announced plans to invest ₹7,000 crore over the next 5-6 years. The company signed multiple MoUs with Indian public sector undertakings and entered a global partnership with Chile’s CODELCO as it looks to expand its mining portfolio.

At 12:54 pm IST, Hindustan Copper shares were trading at ₹511.85 on the BSE, up 1.58% from the previous close.

Where Will Hindustan Copper Invest ₹7,000 Crore?

According to a regulatory filing with the BSE, Hindustan Copper has signed MoUs with NTPC Mining Limited (NML), RITES Limited, Indian Oil Corporation Limited (IOCL), Coal India Limited, Oil India Limited and GAIL (India) Limited.

The agreements are aimed at expanding the company’s mining portfolio and strengthening India’s mineral security.

Hindustan Copper has added 154.14 million tonnes of copper ore reserves/resources over the last four years. It is also pursuing new copper deposits in India and overseas.

The company has separately entered into a global partnership with Chile's CODELCO. The partnership covers capacity building, knowledge sharing and the exchange of expertise in mining, beneficiation and exploration.

What Is Driving Hindustan Copper Shares?

Copper prices moved higher on Tuesday, with demand from China supporting the metal. Benchmark three-month copper on the London Metal Exchange rose 0.61% to $14,750.5 a metric tonne by 0300 GMT, marking its sixth consecutive session of gains.

The latest move comes after a brief pullback in a broader rally. Copper had reached a record high on 7 September 2026, amid concerns over shortages outside the US.

US tariff developments have also remained part of the copper market story. Traders had moved metal into US warehouses following the threat of tariffs on copper. The US later imposed tariffs on copper products, but refined copper was excluded. In July, Trump issued a proclamation seeking a follow-up report from the Commerce Secretary before deciding whether to impose a phased tariff on refined copper imports, with the tariff set to begin at 15% in January 2027.

Hindustan Copper shares have fallen 3% over the past three months and more than 12% so far this year. Over a longer period, the stock has risen more than 13% in three years and over 26% in five years.

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