Hindustan Copper share price falls 4% as Jharkhand govt slaps ₹929 crore demand notice; all you need to know

In an exchange filing on Friday post-market hours, the company said the demand notice for recovery of compensation has been issued by the office of the District Mining Office (DMO), East Singhbhum, Jamshedpur, under the Department of Mines and Geology, Government of Jharkhand.

Sharing details, the company said, "The demand notice for recovery of compensation amounting to ₹929,40,06,242 has been issued by the DMO, Jamshedpur, alleging production from Surda mine without valid statutory clearances or in excess of permissible limits..."

As per the notice received on February 12, the production happened during 2000-01 to 2016-17, thereby attracting liability under Section 21(5) of the Mines and Minerals (Development & Regulation) Act, 1957, as per the Common Cause judgement issued by the Supreme Court on the matter.

The company has denied the allegations and said it was taking legal action in this regard.

The impact on financials, operations or other activities of the company will be limited to the extent of the final order, Hindustan Copper said.

Shares of Hindustan Copper on Friday ended 5.31% lower at ₹591.50 apiece on the NSE.

Hindustan Copper Q3 result

Hindustan Copper, the Miniratna Category-I CPSE under the Ministry of Mines, on Thursday, February 5, reported a 148.49% rise in its consolidated net profit at ₹156 crore for the quarter ended December 31, 2025 (Q3 FY26).

The company, which is India's only vertically integrated copper producer, had reported a PAT of ₹62.87 crore in the year-ago period.

Its revenue from operations came in at ₹687.34 crore, up 109.7% against ₹327.77 crore logged in the December quarter of FY25.

Total income stood at ₹705.31 crore, up 105.28% against ₹343.57 crore seen in the corresponding quarter of the previous fiscal year.

Hindustan Copper declares interim dividend for FY26

Hindustan Copper said its board has approved an interim dividend of ₹1 per equity share, representing 20% of the face value of ₹5 each, for the financial year 2025–26.

The company had fixed Friday, February 13, 2026, as the record date to determine shareholders eligible for the dividend. The payout will be made through electronic mode on or before Friday, March 6, 2026, the company said.