Hindustan Copper Rises on Strong Subscription and Expansion Plans

Hindustan Copper has completed its Offer for Sale, with reports suggesting that the retail portion was subscribed more than seven times.

The company's stock has given solid returns of 133% over the last three years, and metal stocks have been in the limelight due to rising prices on the LME.

Hindustan Copper is a public sector enterprise that carries out the entire value chain of copper production, from mining and beneficiation to smelting, refining, and producing refined copper products.

The company has tremendous growth potential as India's per capita copper consumption is low at 0.6 kg compared to the world average of 3.2 kg.

Copper demand is expected to rise due to global electrification efforts, with increasing investments in renewable energy and power transmission.

Hindustan Copper plans to invest ₹7189 crore over five years to expand domestic mining operations and processing infrastructure, aiming to increase total copper ore production capacity from 4.21 MTPA to 12.20 MTPA by FY30/31.