Hindustan Copper Ltd. holds 59th AGM UPDATED

Kolkata: Hindustan Copper Ltd. (HCL), a Miniratna Category-I Central Public Sector Enterprise under the Ministry of Mines, held its 59th Annual General Meeting (AGM) on September 23 through video conferencing and other audio-visual means.

The Chairman briefed shareholders on the company’s operational and financial performance, mine expansion plans, social and environmental initiatives, and the global and Indian copper outlook. During FY 2025-26, ore production increased 6% year-on-year to 3.67 million tonnes, while Metal-in-Concentrate (MIC) production rose 9% to 27,421 tonnes—the highest in the past seven years. Revenue from operations climbed to ₹3,077.92 crore from ₹2,070.96 crore in the previous year. Profit Before Tax nearly doubled to ₹1,232.73 crore from ₹633.51 crore, while Profit After Tax surged 97% to ₹920.67 crore from ₹468.53 crore.

Shareholders approved a final dividend of ₹1.86 per share (37.20% on the ₹5 face value) for FY 2025-26, in addition to the interim dividend of ₹1 per share (20%) paid in March 2026, taking the total dividend for FY 2025-26 to 57.20% of the paid-up capital.

The CMD also announced that HCL’s long-term credit rating had been upgraded by ICRA from AA+ (Stable) to AAA (Stable), the highest rating on ICRA’s long-term scale. The company continues to hold the highest short-term rating of A1+.

The AGM was chaired by Anupam Misra, Chairman & Managing Director, and 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 Smt. Madhumita Daolagupu, Independent Directors (through VC); Mritunjay Kumar Dev, Company Secretary & Compliance Officer; and Ravi Kumar, Under Secretary, Ministry of Mines, as nominee of the President of India, along with 125 other members (through VC).