The Board of Directors of Hindustan Copper Limited (HCL) has given approval to award a significant turnkey contract for the construction of a new 3.0 MTPA Copper Concentrate Plant at the Malanjkhand Copper Project (MCP) in Madhya Pradesh. The contract, valued at Rs. 469.55 plus GST, is awarded to Ardee Engineering Limited. This major capacity expansion project is targeted for completion over a period of twenty-seven (27) months, demonstrating HCL’s commitment to increasing its production capacity.
Board Sanctions Major Capacity Expansion
Hindustan Copper Limited (HCL) announced today, March 30, 2026, that its Board of Directors, during its 461st meeting, has formally approved a strategic capital expenditure proposal. The core of this approval is the awarding of a crucial work order for the construction of a new 3.0 MTPA Copper Concentrate Plant.
Project Details and Financial Outlay
The project is located at the Malanjkhand Copper Project (MCP) in Madhya Pradesh, India. HCL has chosen Ardee Engineering Limited to execute the construction on a turnkey basis. The total financial implication of this significant undertaking is pegged at Rs. 469.55 plus GST. The board meeting, which spanned from 10:30 AM to 03:45 PM, confirmed that the project is set to be completed over a period of twenty-seven (27) months.
Disclosure Context
This information is being disclosed to the stock exchanges following the conclusion of the Board meeting, fulfilling mandatory corporate governance disclosure requirements.
Source: BSE
