Hindustan Copper Unveils ₹2,000 Cr Plan
- 12th Jun 2025
Aaj Ka Bazaar
U.S. equity indices ended their winning streak on Wednesday, edging slightly lower as investor sentiment was dampened by escalating tensions in the Middle East. However, the downside was partially offset by better-than-expected inflation data, which helped ease concerns about tariff-induced price pressures. Investors remain cautious, awaiting further clarity on the implementation of the framework agreed upon during the recent U.S.-China trade talks, which concluded with a tentative truce. In Asian markets, sentiment mirrored the global caution, with both the Nikkei and Hang Seng indices trading in negative territory. The decline in the Hang Seng was led primarily by weakness in the information technology sector. On the domestic front, Indian markets are poised to open on a positive note, diverging from the broader global trend. On stock specific front, Zydus Lifesciences is expected to trade positively after receiving an Establishment Inspection Report (EIR) from the U.S. FDA for its active pharmaceutical ingredient (API) manufacturing facility in Gujarat.
Markets Around Us
BSE Sensex – 82,597.82 (0.10%)
Nifty 50 – 25,173.70 (0.11%)
Bank Nifty – 56,556.70 (0.18%)
Dow Jones – 42,736.19 (-0.30%)
Nasdaq – 19,615.88 (-0.50%)
FTSE – 8,864.35 (0.13%)
Nikkei 225 – 38,197.20 (-0.59%)
Hang Seng – 24,236.18 (-0.54%)
Sector: Industrial Product
Hind Copper Commits ₹2,000 Cr for Expansion
Hindustan Copper Ltd (HCL) plans to invest ₹2,000 crore over the next 5–6 years to boost its mining capacity, mainly at its Malanjkhand Copper Project in Madhya Pradesh. This move is part of HCL’s larger goal to triple its total ore production from 4 million tonnes to 12.2 million tonnes per year by FY2030-31. The focus is on expanding core operations, and this investment does not include the Rakha and Chapri mines in Jharkhand, which are being developed separately under a Public-Private Partnership (PPP) model. This expansion aligns with India’s push for more domestic metal production to reduce import dependence and support sectors like renewable energy and electric vehicles that rely heavily on copper. For investors, this signals long-term growth potential for HCL, especially as global demand for copper continues to rise.
Why it Matters:
This expansion signals Hindustan Copper’s intent to meet rising copper demand driven by EVs and green energy. By tripling production, HCL aims to reduce India’s import reliance. For investors, it highlights strong long-term growth potential in a critical metal sector.
NIFTY 50 GAINERS
ASIANPAINT – 2252.00 (1.96%)
ONGC – 252.16 (1.96%)
SUNPHARMA – 1720.50 (1.77%)
NIFTY 50 LOSERS
INFY– 1601.90 (-1.79%)
HCLTECH – 1695.70 (-1.52%)
TATAMOTORS – 728.20 (-1.11)
Sector : Power
Waaree Energies Ltd has announced that its U.S.-based subsidiary, Waaree Solar Americas, received a major order to supply 599 MW of solar modules. The order came from a well-known U.S. company involved in building and operating large-scale solar and energy storage projects. The delivery of these modules is planned for 2026. This deal adds to Waaree’s growing global presence and strengthens its position in the U.S. solar market. As of the latest quarter, Waaree’s total order book stands at 25 GW, valued at around ₹47,000 crore. This shows strong demand for its products and ongoing expansion. For investors, it signals the company’s rising international footprint and long-term revenue visibility in the fast-growing clean energy space.
Why it Matters:
This order strengthens Waaree’s global presence, especially in the high-growth U.S. solar market. A ₹47,000 crore order book shows strong future revenue potential. For investors, it highlights confidence in Waaree’s role in the global clean energy transition.
Around the World
Asian markets were mixed on Thursday due to concerns over trade tensions and geopolitical risks. U.S. President Trump warned of upcoming trade tariffs on key economies, dampening optimism from a recent U.S.-China trade framework, which lacked clear details. China’s main indexes dipped slightly, and Hong Kong’s Hang Seng fell 0.5%. U.S. evacuations from Iraq and tension with Iran pushed oil prices up, affecting risk sentiment. Japan’s Nikkei and TOPIX dropped due to a stronger yen and weak tech stocks. On the positive side, Australia’s ASX 200 gained 0.2% from strong energy and gold stocks, and South Korea’s KOSPI rose 0.5% to a 3.5-year high, driven by political stability and hopes for earnings recovery. Singapore’s index also edged up 0.3%, and Indian Nifty futures pointed to a positive open. News of Reliance possibly investing in OpenAI added to the buzz around Indian markets. Overall, caution dominated due to uncertainty in trade and the Middle East.
Option Traders Corner
Max Pain
Nifty 50 – 25100
Bank Nifty – 56000
Nifty 50 – 25148 (Pivot)
Support – 25,074, 25,007, 24,933
Resistance – 25,215, 25,289, 25,356
Bank Nifty – 56657 (Pivot)
Support – 56,311, 56,164, 55,928
Resistance – 56,695, 56,930, 57,078
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