Hindustan Copper faces INR-9.29-bln compensation demand from Jharkhand govt
This story was originally published at 21:59 IST on 13 February 2026
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--Jharkhand govt demands compensation of INR 9.29 bln from Hind Copper
--Jharkhand govt says Hind Copper operated Surda mine without clearances
--Hind Copper denies Jharkhand govt claims, co to take legal action
MUMBAI– The Jharkhand government has issued a demand notice seeking INR 9.29 billion in compensation from Hindustan Copper Ltd. for alleged unauthorised production from the Surda mine between 2000-01 (Apr-Mar) and FY17.
The Office of the District Mining Officer, East Singhbhum, Jamshedpur, under the department of Mines and Geology, has sought recovery of the amount under Section 21(5) of the Mines and Minerals Act, 1957, the company said in an exchange filing.
The notice, dated Feb. 12, alleges that the company undertook production without valid statutory clearances or in excess of permissible limits during the period. The demand has been raised in line with the Supreme Court's judgement in the common cause matter, the filing said.
According to the filing, Hindustan Copper has denied these allegations stating that it is taking appropriate legal action. The company said the impact on its financials, operations, or other activities will be limited to the extent of the final order.
Hindustan Copper reported a consolidated net profit of INR 1.56 billion on revenues of INR 6.87 billion for the December quarter. Friday, shares of the company closed at INR 591.65 per share on the National Stock Exchange, down over 5%. End
Reported by Gunjan Rajput
Edited by Deepshikha Bhardwaj
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