The sole copper miner in the country, Government owned Hindustan Copper Ltd (HCL) is getting aggressive by the day as far as its growth plans are concerned and is currently scouting for partners in the Indian market.

Apart from getting a new lease for a mine in the Rajasthan region, the company is also planning to raise its mining capacity in Malanjkhand open pit mine from 2 million tonne per annum to 5mtpa. Shakeel Ahmed, chairman and managing director of the company said that the board has already approved the expansion plan of the company as far as the mine is concerned.

Moreover, Ahmed also pointed out the fact that this expansion was just a part of the growth plans that the company has for the long-run. While the company is still scouting for a partner on a risk-sharing basis in this project, it is believed that the investment will come close to around Rs 2,500 crore in the project.

It may be noted here that the company has recently announced its financial results for the last fiscal, wherein the company has announced a massive growth filing a profit after tax of Rs 154.68 crore at a total net sales of Rs 1304.52 crore for 2009- 2010 which is way up when compared to the loss of Rs 10.31 crore on a net sale 1190.15 crore in 2008-09.