Hindustan Copper Ltd. has received forest clearance from the Rajasthan government for mining operations at its Chandmari copper mine in Jhunjhunu district. According to an exchange filing on Tuesday, June 24, the Forest Department of Rajasthan granted forest clearance for the Chandmari copper mine through a letter dated June 19, 2026, with the company receiving approval on June 23. The forest clearance is co-terminus with the lease period of the Chandmari mining lease, as reported by CNBC TV18. This development represents a significant regulatory milestone as the clearance is a crucial requirement for mining activities, ensuring environmental considerations are addressed within the legal framework set by the government.
The forest clearance aligns with Hindustan Copper's massive capital expenditure programme worth ₹7,189 crore over the next five years to increase mining capacity by three times. As reported by CNBC TV18, Chairman and Managing Director Sanjiv Kumar Singh stated the company is targeting copper ore output of nearly 4.7 million tonne in FY27, compared to 3.67 million tonne in FY26, supported by higher production from its Malanjkhand, Khetri and Jharkhand mines. Singh also indicated the company expects to maintain EBITDA margins above 40%, aided by strong domestic demand and favourable currency environment despite global copper price volatility.
For the March quarter, Hindustan Copper reported strong financial results with net profit of ₹444.3 crore, up from ₹187.2 crore last year. According to CNBC TV18, revenue rose 58% year-on-year to ₹1,156 crore from ₹731.4 crore, while EBITDA surged to ₹627 crore from ₹266 crore a year earlier. The company's operating margin expanded to 54.3% from 36.4% in Q4FY25, demonstrating improved operational efficiency.
Shares of Hindustan Copper were trading near the day's highs at ₹499.25 at 11.57 am on Tuesday, still 0.21% below Monday's closing. As reported by CNBC TV18, the stock has gained about 94% over the last year, reflecting strong investor confidence in the company's expansion plans and financial performance. This announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates the disclosure of material events by listed companies.
