Achievements

1. Achievement

  • Hon’ble Minister of Mines, Coal & Parliamentary affairs, Chief Minister of Madhya Pradesh along with Secretary (Mines) visited the HCL stall at ‘Mining & Beyond’ exhibition of 2nd Mining Ministers conference at Bhopal on 23.01.2024 where a miniature model of Ram Mandir, Ayodhya was displayed. Hon’ble Minister of Mines, have praised to HCL & twitted that “HCL had delivered 70,000 pure Copper Strips & 775 Copper Wire Rods, both 99.99% pure electro-refined copper, for joining the rocks in Ram Mandir construction. The highest quality copper ensures longevity, promising thousands of years for the rock joints.
  • The Company has achieved a Profit Before Tax and Revenue from Operations of Rs 144.96 Crore and Rs. 752.34 Crore in H1 of FY 2023-24. The Profit Before Tax and Revenue from Operations are 31.28% & 34.22% higher than the corresponding period of FY 2022-23.
  • HCL has paid dividend of Rs. 88.97 crore to its Shareholders in Oct’23 for the period of FY 2022-23.
  • The target of Capex for FY 2023-24 is Rs. 350 Crore where HCL had achieved Rs. 416.61 Crore till January’24.
  • Ore production of MCP for the month & Cumulative upto the month of January'24 is 105% & 106% of the target respectively. Ore & MIC production of KCC for the month of January'24 is 124% & 103% of the target respectively.
  • In a Clean & Green Energy initiative at MCP unit, a ground-breaking ceremony was performed on 03.01.2024 for installation of 4500 KWp Solar Plant.
  • KABIL, a JV Company between NALCO, HCL and MECL, signed an agreement with Camyen SE - a state-owned enterprise of Argentina on 15.01.2024. This is the first ever Lithium exploration & mining project by a JV of PSUs. Hon’ble Minister of Mines, Coal & Parliamentary affairs attended the signing event virtually.
  • Shri V L Kantha Rao, IAS, Secretary, Ministry of Mines, Govt. of India, visited the Corporate Office of Hindustan Copper Limited in Kolkata on 08.11.2023 to review the activities of the Company. Functional Directors of HCL joint Secretary (Mines) in the valedictory function of 10th International Mining, Equipment & Minerals Exhibition (IME) held at Eco Park, Kolkata.
  • HCL and TCIL signed an MOU on 28.10.2023 at Indian Mobile Congress 2023 at Pragati Maidan Delhi to showcase used cases of 5G technology in its mines.
  • HCL has issued employment offer letters to 171 candidates for different post (128 Executives and 43 Non-Executives) during different Rozgar Melas conducted during the year 2023.
  • HCL signed a MOU with Mineral Exploration and Consultancy Limited on 25.08.2023 for a duration of three years to carry out exploration and allied works within its mining leases in Jharkhand, Madhya Pradesh and Rajasthan.
  • Shri Sarbananda Sonowal, Union Minister of AYUSH, and Ports, Shipping and Waterways, was the Chief Guest at the Closing Ceremony of AYUSH Wellness Camps organized by HCL on 04.08.2023 in New Delhi in the presence of Shri Vivek Bharadwaj, Secretary, Ministry of Mines. CMD, HCL, Director (Operations) & Director (Mining) were also present in the occasion.
  • C&AG has conducted supplementary audit of financial statements of HCL for year ended 31st March, 2023 under Section 143(6)(a) of the Companies Act, 2023 and given Nil comment on 21.07.2023.
  • The Company has added 66.59 million tonnes of Copper Ore in its reserves and resource base during FY 2022-23. As on 01.04.2023, the total Reserve & Resource of Copper Ore within HCL’s mining leases is 698.44 million tonnes of ore with average grade of 0.96% copper.
  • HCL has signed the tripartite 8th Wage Settlement before Dy. Chief Labour Commissioner (Central), Kolkata, on 03.01.2023 for revision of Wages and Allowances of Workmen. The Settlement is for a period of 10 years w.e.f. 01.11.2017 to 31.10.2027.
  • A MOU for collaborative and sponsored research projects was signed between HCL & IIT/ISM_DHANBAD on 03.01.2023 for enhancing production through modifying mining methods with application of technologies, improvement of productivity and safety in mines, environmental clearance etc.

2. Awards and Accolades

  • Malanjkhand copper mine have been declared Winner of the National Safety Award in the large opencast metalliferous mines category for Longest Injury Free Period in Mines Safety weeks of 2022-23.
  • 61st Annual Metalliferous Mines Safety Week competition 2023 has been celebrated under the aegis of DGMS, CHAIBASA REGION on 21.01.2024 in Ranchi. The event was attended by Director (Mining)and ICC team wherein several awards were won by ICC team.
  • HCL won “The ASSOCHAM Business Excellence Award for Smart Waste Management Initiative” of the Year at the Indian Mining and Minerals Conclave held in Kolkata on 30.06.2023.
  • HCL has been declared winner of IIM [Indian Institute of Metals] Non-Ferrous Best Performance Award under the category of Large Integrated Manufacturing Plant.
  • HCL has won the 35th CFBP (Council for Fair Business Practices) Jamnalal Bajaj Award for fair business practices, period- 2022-23, in the category of Manufacturing Enterprises- Large at Mumbai on 16.05.2023.
  • HCL won the prize for the "best stall" in the exhibition "Alluring Rajasthan" held at Udaipur, Rajasthan from 23rd- 25th Feb.’2023 and “best pavilion” in the 26th National Exhibition "Contribution to make Advanced, Powerful and Great India” held at Kolkata on 24.08.2023 on in celebration of India’s G20 Presidency.
  • The list of prizes won by Malanjkhand Copper Project (MCP) in Underground Mines category during the Celebration of 32nd Mines Environment & Mineral Conservation Week Council 2022-23 at Jabalpur on 18.03.2023 are as follows.
    • 1st Prize in Overall performance, Mineral Beneficiation & Waste Management.
    • 2nd Prize in Systematic and Scientific Development
    • 3rd prize in Reclamation and Rehabilitation
  • Khetri Copper Complex, has won 1st Prize in Mineral Conservation in 33rd Mines Environment & Mineral Conservation Week 2022-23 along with being 2nd Prize in Environment Monitoring, Publicity & Propaganda and 3rd prize in Publicity & Propaganda, Afforestation, Overall Performance.
  • Indian Copper Complex, has won Overall First in Overall Performance in the 29th Mines Environment & Mineral Conservation Week 2021-22 of along with being Winner in Afforestation, Publicity & Propaganda, Systematic and scientific Development, Environmental Monitoring, Sustainable Development, Waste Dump Management, Reclamation & Rehabilitation and Overall Second in Overall Performance.
  • Malanjkhand Copper Project, was adjudged for 5 Star Rating Award for the year 2021-22 for excellence in all the set norms in the Mining industry.
  • Malanjkhand Copper Project, has won various prizes in the Metalliferous Mine Safety Week 2022-23 like 1st Prize in First Aid Team Competition, Cable Bolt Operator Trade Test, Mine Workings, Occupational Health, Safety & Welfare and 2nd Prize in Mine Plans & Record, Storage, Transport & Use of Explosive, Electrical Equipment & Installations, Overall UG Mine without Winder & various Trade test and 3rd prize in Safety Management Plan (SMP) & Emergency Preparedness.
  • Prizes won by Khetri Copper Complex (KCC) in underground Metal Mines Category in the 36th Mines Safety Week 2022-23, Ajmer Region are as follows: -
  • Khetri Copper Mine: -
    • Storage transport & use of explosive, Electrical equipment & Installations: 1st Prize
    • Plant, Machinery maintenance & operation of winder: 2nd Prize
    • Overall performance, Occupational health & safety and welfare amenities, vocational training and first aid: 3rd Prize
  • Kolihan Copper Mine: -
    • Occupational health and safety: 1st Prize
    • Overall Performance, Vocational Training & First Aid, Mine working & Plan: 2nd Prize
    • Electrical Equipment Installation, Plant, Machinery & Maintenance, Publicity & Propaganda: 3rd Prize

3. Conservation of Energy

  • 5 kWp Roof top solar plant has been installed at MCP unit, which has produced approx. 3.78 lakhs of electricity in the year 2022-23 and saved approx. Rs. 20.4 lakhs.
  • 200 kWp Roof top solar plant and 800 KWp ground based Solar Power plant have been installed at KCC unit and is ready for commissioning (Regulatory approval is awaited).
  • 20 kWp Roof top solar plant has been installed at Surda, ICC unit, saved approx. 1.34 lakhs of electricity in the year 2022-23.
  • Total 856.50 kWp solar plant has been implemented across various units of HCL. Approximately 6.99 Lakhs unit of solar electricity has been generated by the installed Solar Power Plants resulting in a saving of Rs. 39.17 Lakhs during FY 2022-23.
  • Conventional motors in continuous running equipment have been replaced by energy efficient motors in all plant areas to improve efficiency and reduction in energy consumption.
  • Energy consumption is constantly monitored at the mines, plants and townships with a view to achieve overall reduction. In place of conventional lights, LED lights are installed in all five units to save energy and environment. The Company has saved around Rs.92.4 Lakhs in FY 2022-23 by replacing conventional lights with LED lights.
  • “IE3 energy efficient motors” has been made the standard specification, for motor procurement, across all applications in the units of HCL.
  • Approximately 6.99 Lakh unit of solar electricity has been generated by the installed Solar Power Plants across various units at HCL resulting in a saving of Rs. 39.17 Lakhs during FY 2022-23.
  • HCL has saved electricity charges of Rs. 550.61 Lakhs approx. during FY 2022-23 by taking various initiatives like reduction of contract demand, power factor improvement, introducing energy efficient equipment etc. across various units.

4. Technology Absorption

  • A trial development has been done successfully to enhance capacity of Vertical Froth Pump at MCP to process high grade ore more than 1%.
  • Up gradation of obsolete blower model FLANKT (centrifugal fan) to Twin Lobe Blowers (positive displacement blower) has been done at concentrator plant of MCP unit.
  • A trial development has been done successfully for enhancing the capacity of Ball Mill discharge pump at MCP, by subsequently increasing Ball Mill’s feed rate.
  • An advanced PLC based control system at MCP was adopted for control of Vertical Boring Machine.
  • Replacement/retrofitting of old Electro-Mechanical protection relay done with sophisticated, precise and reliable microprocessor based latest relay for better electrical protection of equipment and resources at MCP unit.
  • Air Circuit Breakers are installed for isolation & safety against electrical hazards and also enhance overall reliability of remote areas, protection to transformers, starters & motors at MCP unit.
  • MCP unit has procured and installed “Surpac” software for design and planning for underground project.
  • A study has been conducted to establish a suitable system for communication and auto-signaling at MCP underground mine and procurement of suitable communication system is under process.
  • The backing filling operation of under-ground void i.e. paste fill technology which will avoid the surface disposal of copper ore tailings and also reducing thereby the pollution load due to solid waste generated by the project. The construction of paste fill plant has started at MCP unit.
  • KCC unit has conducted Drone Survey for its three mining leases for generation of high resolution orthomosaic images capable of showing details in lateral direction as well as its elevations.
  • New screen panels (Screen 20A & 30A is changed in 25mmX25mm to 20mmX25mm) have been installed in KCC unit, resulted in achieving maximum fineness (-20mm size) ore in rod mill feed.
  • The tripper arrangement in bedding building has been renovated at KCC unit for capacity enhancement.
  • Concreting work of floor of bedding building is under progress at KCC unit i.e. 8 out of 15 bays have been completed in FY 2022-23.