Hindustan Copper rises on executing MoU with Indian Oil Corporation
Hindustan Copper is currently trading at Rs. 279.55, up by 3.45 points or 1.25% from its previous closing of Rs. 276.10 on the BSE.
The scrip opened at Rs. 278.50 and has touched a high and low of Rs. 281.30 and Rs. 276.05 respectively. So far 14223 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 352.60 on 30-Sep-2024 and a 52 week low of Rs. 183.90 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 281.30 and Rs. 244.05 respectively. The current market cap of the company is Rs. 26699.53 crore.
The promoters holding in the company stood at 66.14%, while Institutions and Non-Institutions held 11.85% and 22.01% respectively.
Hindustan Copper has executed an Memorandum of understanding (MoU) with Indian Oil Corporation (IOCL) on June 29, 2025 to jointly participate in copper, critical minerals block auctions, develop and operationalize block for exploration and mining, mining and processing of minerals and share risks across the value chain.
The purpose of the MoU is also to share investments and risks for the development, mining and processing from existing assets of Hindustan Copper. This MoU does not constitute a legally binding relationship between the parties as per the conditions set-out in the MoU.
Hindustan Copper’s principal activities include mining of copper ore, concentration of copper ore into copper concentrate through a beneficiation process and also smelting, refining and extruding of the copper concentrate into refined copper in downstream saleable products.
