Hindustan Copper Wins MP Copper Block Bid, Expands Mining Footprint

• Hindustan Copper Ltd (HCL) is the preferred bidder for the Baghwari-Khirkhori Copper and Associated Mineral Block in Madhya Pradesh.
• HCL secured the block by submitting the highest final price offer in a forward e-auction for a composite licence.
• The auction concluded on January 22, following an NIT issued by the Directorate of Geology and Mining, Government of Madhya Pradesh.
• This acquisition aligns with Madhya Pradesh's mineral resource auction efforts under central government mining reforms.
• HCL, a mini-ratna PSU, is India's sole integrated copper ore miner, operating mines in Malanjkhand (MP), Khetri (Rajasthan), and Ghatsila (Jharkhand).

Why It Matters: Hindustan Copper expands its mining operations by winning a key copper block in Madhya Pradesh.