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Hindustan Copper Ltd holds Annual General Meeting
Hindustan Copper Ltd., a Miniratna Category-I, Central Public Sector Enterprise, under Ministry of Mines, held its 59th Annual General Meeting (AGM) 23rd September, 2026 through Video Conferencing/ Other Audio-Visual means.
The Chairman welcomed the members and briefed about the company’s Physical & Financial performance, mine expansion plans, Social & Environmental initiatives, Global & Indian Copper Scenarios, Market trends, outlook, etc. He stated that ore production for the FY 2026-27 reached 3.67 million tonnes, delivering a 6% year-on-year growth, while Metal-in-Concentrate (MIC) production stood at 27,421 tonnes—a 9% increase over the previous year and the highest output achieved in the past seven years. He further stated that Revenue from operations surged to ₹3,077.92 crore, compared to ₹2,070.96 crore in the previous year, marking a robust top-line growth of 49%. Profit Before Tax achieved was ₹1,232.73 crore against ₹633.51 crore, reflecting an impressive 95% increase, while Profit After Tax rose to ₹920.67 crore compared to ₹468.53 crore, representing 97% year-on-year expansion.
Dividend equivalent to 37.20% on paid-up capital of the Company i.e. ₹1.86 per share on ₹5 face value for the FY 2025-26 has been approved by the shareholders in the AGM. This is in addition to the Interim dividend of Rs. 1 i.e. 20.0 % already declared and paid in March 2026. Thus, total dividend declared for the FY 2026-27 is 57.20% of paid up capital of the company.
CMD also informed that HCL's Long-term Credit Rating has been upgraded by ICRA from AA+(stable) to AAA (stable) on 22nd September, 2026. This is the highest rating on ICRA's long term rating scale. HCL is already rated A1+ on short term scale. Both the ratings are the highest possible for any company.
The AGM was chaired by Anupam Misra, Chairman & Managing Director and also attended by Dr. Sanjeev Kumar Sinha, Director (Operations), RVN Vishweshwar, Director (Finance), Ghanshyam Das Gupta, Director (Mining), Kulveer Singh Yadav and Dr. Ashish Saxena, Government Nominee Directors (through VC), Ashish Kumar Khetan and Mrs Madhumita Daolagupu, Independent Directors (through VC) and Mritunjay Kumar Dev, Company Secretary & Compliance Officer. Ravi Kumar, Under Secretary, Ministry of Mines also attended the meeting as nominee of the President of India along with 125 other members of the Company (through VC).
The Chairman welcomed the members and briefed about the company’s Physical & Financial performance, mine expansion plans, Social & Environmental initiatives, Global & Indian Copper Scenarios, Market trends, outlook, etc. He stated that ore production for the FY 2026-27 reached 3.67 million tonnes, delivering a 6% year-on-year growth, while Metal-in-Concentrate (MIC) production stood at 27,421 tonnes—a 9% increase over the previous year and the highest output achieved in the past seven years. He further stated that Revenue from operations surged to ₹3,077.92 crore, compared to ₹2,070.96 crore in the previous year, marking a robust top-line growth of 49%. Profit Before Tax achieved was ₹1,232.73 crore against ₹633.51 crore, reflecting an impressive 95% increase, while Profit After Tax rose to ₹920.67 crore compared to ₹468.53 crore, representing 97% year-on-year expansion.
Dividend equivalent to 37.20% on paid-up capital of the Company i.e. ₹1.86 per share on ₹5 face value for the FY 2025-26 has been approved by the shareholders in the AGM. This is in addition to the Interim dividend of Rs. 1 i.e. 20.0 % already declared and paid in March 2026. Thus, total dividend declared for the FY 2026-27 is 57.20% of paid up capital of the company.
CMD also informed that HCL's Long-term Credit Rating has been upgraded by ICRA from AA+(stable) to AAA (stable) on 22nd September, 2026. This is the highest rating on ICRA's long term rating scale. HCL is already rated A1+ on short term scale. Both the ratings are the highest possible for any company.
The AGM was chaired by Anupam Misra, Chairman & Managing Director and also attended by Dr. Sanjeev Kumar Sinha, Director (Operations), RVN Vishweshwar, Director (Finance), Ghanshyam Das Gupta, Director (Mining), Kulveer Singh Yadav and Dr. Ashish Saxena, Government Nominee Directors (through VC), Ashish Kumar Khetan and Mrs Madhumita Daolagupu, Independent Directors (through VC) and Mritunjay Kumar Dev, Company Secretary & Compliance Officer. Ravi Kumar, Under Secretary, Ministry of Mines also attended the meeting as nominee of the President of India along with 125 other members of the Company (through VC).
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