State-owned Hindustan Copper Ltd (HCL) on Tuesday said it is planning capital investment of over Rs 7,000 crore over the next five to six years, as part of an expansion drive that includes exploration, mine revivals and strategic partnerships.
In a regulatory filing, the company said it has taken several strategic initiatives in the copper and critical minerals segment, and has lined up capital investment of over Rs 7,000 crore planned in the next 56 years.
The development assumes significance in the wake of the country’s rising copper demand, driven by infrastructure expansion, renewable energy, electric mobility and other clean-energy applications.
The company, in a regulatory filing, said it has added 135.52 million tonnes of copper ore reserves and resources in the past three years, underlining a steady improvement in its resource base.
HCL said it is actively pursuing the acquisition of new copper deposits both within India and overseas. A key focus of the plan is the reopenin
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