HCL Reaffirms 15% Volume Growth Target for FY26

Hindustan Copper Ltd (HCL) has reaffirmed its 15% volume growth target for FY26, backed by enhanced operational efficiency and disciplined cost management.

Chairman and Managing Director Sanjiv Kumar Singh stated that the company aims to produce four million tonnes of copper ore and 31,000 tonnes of metal in concentrate (MIC)—up from 24,000 tonnes last fiscal. HCL has also earmarked a capital expenditure of ₹350 crore for FY25–26.

The company’s growth is underpinned by rising demand from renewable energy, electric vehicles, and AI-driven data centers. Singh also confirmed that HCL’s 20-year mine developer and operator (MDO) agreement with the JSW Group, signed in January 2025, is nearing rollout. The project follows a revenue-sharing model, with HCL entitled to a 12.5% share.

HCL currently holds a market capitalisation of ₹23,314 crore, reflecting investor confidence in its long-term strategic direction.

News by Rahul Yelligetti.