Hindustan Copper Jumps on 20-Year Rakha Mine Lease Extension | Udaipur Kiran


Mumbai, September 22 (Udaipur Kiran News): Shares of Hindustan Copper Ltd surged on the BSE after the company announced the extension of its Rakha Copper Mine lease in Jharkhand. The stock was quoted at ₹299.25, up ₹16.65 or 5.89% from its previous close of ₹282.60.

The scrip opened at ₹282.95 and touched an intraday high of ₹305.20 and a low of ₹282.00. A total of 12,34,613 shares were traded during the session. On a weekly basis, the stock has moved between ₹305.20 and ₹276.55. The company’s market capitalisation currently stands at ₹29,034.90 crore.

Hindustan Copper confirmed that it executed the Rakha Mining Lease Deed with the District Commissioner, Jamshedpur, on September 19, 2025. The lease has been extended for 20 years, paving the way for the reopening and expansion of the Rakha Copper Mine, a site of strategic importance for boosting copper production in the region.

Hindustan Copper’s core activities include copper ore mining, ore beneficiation, smelting, refining, and extrusion of copper concentrate into refined copper for downstream saleable products.

 

 



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