HCL Plans to Increase Copper Ore Production Capacity to 12.2 MTPA by FY’29

HCL Plans to Increase Copper Ore Production Capacity to 12.2 MTPA by FY’29

Hindustan Copper Ltd (HCL) said it is implementing expansion projects to increase its mine production capacity from the current level to 12.2 million tonnes per annum (MTPA) by FY 2028-29.

HCL Chairman and Managing Director Ghanshyam Sharma at the AGM told shareholders that the company has access to around 55 per cent of the copper ore reserves and resources in India with an average grade of 0.96 per cent.

“In FY 2022-23, the copper ore production in India was around 3.35 million tonnes. HCL is implementing a plan to increase its mining capacity from its current level of ore production to 12.2 MTPA in Phase-I in the next 6 to 7 years,” Sharma said.

He added that the company has achieved ore production of 33.47 lakh tonnes during FY 2022-23 as against 35.70 lakh tonnes produced in FY 2021-22.