Government Launches Hindustan Copper OFS with ₹514 Floor Price
The Government of India has initiated an Offer for Sale (OFS) to divest up to 6% stake in Hindustan Copper Limited, setting a floor price at ₹514 per share. This represents a discount of approximately 10.4% from the previous closing price. The company's OFS was fully subscribed.
Hindustan Copper reported a Profit after Tax (PAT) of ₹352.61 crore for the quarter ended June 30, 2026, a growth of around 163% YoY. The stake sale is backed by robust operating fundamentals, with Q1 FY27 net profit surging due to rising global copper demand.
Market implications remain highly positive due to tight global copper inventories, transition towards electric vehicles, and rising infrastructure demand. Hindustan Copper's plans to expand capacity to 12.2 MTPA by 2030 also support long-term valuations.