New Delhi: Hindustan Copper Limited (HCL) has charted an ambitious growth and transformation roadmap for the medium term, outlining expansion, digitalisation, and diversification plans during its Annual Plan Meeting for FY 2026–27 and 2027–28.
Follow The PSUWatch Channel on WhatsApp
The two-day meeting, held in Kolkata on April 17–18, brought together the company’s top leadership, including Chairman and Managing Director Sanjiv Kumar Singh, Director (Operations) Dr Sanjeev Kumar Sinha, Director (Finance) R V N Vishweshwar, and other senior officials to deliberate on strategic priorities and future growth trajectory.
A key highlight of the meeting was the unveiling of HCL’s Corporate Plan – Vision 2030, which lays out a phased roadmap to strengthen core mining operations, enhance productivity, and diversify into high-growth areas such as critical minerals and renewable energy. The company has engaged Deloitte Touche Tohmatsu India LLP to review and refine the plan, assessing growth targets, performance trends, and potential opportunities.
As part of its expansion strategy, HCL has outlined a capital expenditure plan of approximately Rs 7,188.60 crore between 2026 and 2030 for mine expansion projects. The company aims to significantly scale up its production capacity, with total ore output projected to rise from 4.21 million tonnes per annum (MTPA) in FY26 to 12.20 MTPA by FY30.
On the financial front, HCL expects steady growth in profitability, with profit after tax projected to increase from Rs 589 crore in 2026 to Rs 1,568 crore by 2030. Dividend payouts are also estimated to rise in line with earnings growth over the same period.
Follow PSU Watch on LinkedIN
In parallel, the company unveiled its IT Vision Document 2026–2030, aimed at driving digital transformation across operations. The roadmap includes initiatives such as hybrid underground communication systems, network upgrades, a unified command and control centre, private 5G deployment, and adoption of AI/ML-based analytics to enhance safety, productivity, and governance.
Reinforcing its focus on transparency and compliance, HCL also launched an indigenously developed License to Operate (LTO) software built on Oracle E-Business Suite, enabling a centralized digital compliance ecosystem with automated alerts and audit trails.
Additionally, the company released a Standard Bidding Document (SBD) to streamline procurement processes, improve contract management, and reduce the risk of disputes through uniform guidelines and specifications.
The meeting concluded with a unified vision to drive sustainable growth, operational excellence, and innovation. With a strong focus on capacity expansion, digital integration, and diversification, HCL aims to position itself as a future-ready and globally competitive copper producer aligned with India’s mineral security and energy transition goals.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)