The government on Monday announced offloading up to 6 per cent in the Hindustan Copper Limited (HCL). This is expected to fetch around Rs 3000 crore.“Government of India offers to divest 3 per cent equity in Hindustan Copper Limited (HCL) through an Offer for Sale (OFS), with an option to divest an additional 3 per cent (green shoe) in case of oversubscription,” Arunish Chawla, Secretary in the Department of Investment and Public Asset Management (DIPAM) said in a social media post.Further, the floor price has been fixed at Rs 514. “10 per cent of the offer is reserved for retail investors, with an additional 25,000 shares reserved for eligible employee,” Chawla added.Share of HCL closed at ₹573.55 on Monday with a gain of 0.17 per cent over Friday closing. This means floor is nearly at over 10 per cent discount on Monday’s closing price.The Government of India holds 66.14 per cent equity stake in the companyHCL is a Schedule ‘A’ Mini-Ratna, Category-I Central Public Sector Enterprise (CPSE) under the administrative control of the Ministry of Mines.Incorporated in 1967 it is the only company in India engaged in copper ore mining and holds all the operating mining leases for copper ore in the country.It operates copper mines at Malanjkhand (Madhya Pradesh), Khetri (Rajasthan) and Ghatsila (Jharkhand). It has facilities of a primary smelter and refinery at Ghatsila (Jharkhand), secondary smelter and refining facilities at Jhagadia (Gujarat), and a Continuous Cast Copper Wire Rod plant at Taloja (Maharashtra).In the concluded financial year FY 2025-26, the company has earned a Profit Before Tax (PBT) of ₹1232.73 Crore against a Net Sales turnover of ₹3054.4 Crore.Published on August 24, 2026