Hindustan Copper's Vision 2030: Driving Transformation with Rs 7,188.90 Crore Capex Plan
Hindustan Copper Ltd plans a capital expenditure of Rs 7,188.90 crore over five years to expand its mines. The strategy includes digital transformation with advanced technologies to enhance productivity and safety. By 2030, ore production aims to triple, and profit after tax is expected to reach Rs 1,568 crore.
- Country:
- India
State-owned Hindustan Copper Ltd (HCL) has unveiled a massive capital expenditure plan of Rs 7,188.90 crore for the next five years focused on expanding its mining activities. The strategy looks to transform the company into a data-driven enterprise, using cutting-edge technology to improve efficiency and safety.
This year, HCL is set to invest Rs 450.51 crore, with increasing expenditures in subsequent years. By 2029-30, the company anticipates raising ore production from 4.21 million tonnes to 12.20 million tonnes annually, according to its roadmap 'Vision 2030.'
The company is also driving a digital revolution with initiatives including hybrid underground communication systems, modernized ERP platforms, and a private 5G network. A new command and control center will help unify operations and enhance monitoring, which is expected to bolster profits and dividends by 2030.
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