Hindustan Copper share price extended gains on fourth day on June 9 following the company singed MoU with RITES to strengthen sustainable supply chain for critical minerals.
At 09:17am, Hindustan Copper was quoting at Rs 258.65, up Rs 2.70, or 1.05 percent, on the BSE.
".... has executed an MoU with Rites to secure a rapid, reliable and sustainable supply chain of metals and minerals, including critical minerals," company said in its release.
The main objective of this MoU is to jointly participate in copper, critical minerals block auctions, develop and operationalise blocks for exploration and mining, and transportation and share associated risks.
Both the parties shall finalize financial arrangements on case-to-case basis, while taking up various projects.
This MoU does not constitute a binding relationship between the parties as per the conditions set-out in the MoU.
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The company had reported a 50 percent jump in net profit to Rs 187 crore in Q4 FY25 from Rs 124 crore in Q4 FY24.
The metal company's revenue from operations meanwhile grew over 29 percent on-year to Rs 731 crore during the quarter under review.
The share touched a 52-week high of Rs 352.60 and a 52-week low of Rs 183.90 on 30 September, 2024 and 07 April, 2025, respectively.
Currently, the stock is trading 26.64 percent below its 52-week high and 40.65 percent above its 52-week low.
The market capitalisation of the company stands at Rs 25,012.08 crore.
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