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SLIDE 1 ~~q;y~ A GOVT. OF INDIA ENTERPRISE

1E ~~

cf5Iqx ~ HINDUSTAN COPPER LIMITED

C IN N o. : L 27201W B 1967G O I028825

~~Jlm"r~

Registered & Head Office 0J1l''Jfq.J TAMRA BHAVAN 1,~~~ 1, Ashutosh Chowdhury Avenue, tIToiITo~o P.B. N O . 10224 q)~C1q;ltll KOLKATA. 700 019 To, BSE Limited 25th Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001 BSEScrip Code: 513599 Dear Sir, Date: July 28, 2016 National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block Bandra Kurla Complex, Bandra (East) Mumbai - 400 051 NSESymbol: HINDCOPPER Sub: Disclosure under the SEBI (Listing Obligations and Disclosure Requirements), 2015 In accordance with the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, please find below the schedule of institutional investors meet held on July 26, 2016 at Chennai:

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L.__ ._~_--' .. 2~_l1daram A ssetM ?na~em en_t~~!:!:e..any ~im it~_J_()~t:::£ll1-o~____ July 26,-20~ _ Please find below the schedule of institutional investors meet held on July 21, 2016 and July 22, 2016 at Mumbai:

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E d:I::ssA fter~a_t~_~~~=~[~:u~-~:==-_~~=:~' J~~_~~~2016- A copy of the presentation made to the Institutional Investors has also been uploaded

• n the

Company's website. The filing, in terms of Regulation 30 r/w Para A of Part A of Schedule III of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, has been inadvertently delayed and the inconvenience is regretted. In terms of Regulation 46(2)(0)

• f the

SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the schedule of meeting stated above is being simultaneously uploaded

• n

the website

• f

the Company, and as stated above the presentation has already been uploaded on the website of the Company_ This is for your information and records. Re rds [V V V G AL RAO] Director (Finance) Hindustan Copper Limited Enclosed: As above 'IliA Tel: 2283-2226 (Hunting), tem Fax: (033) 2283.247812640 'aN Cable : ~

• HINDCOPPER. t.~

E-mail: hcLho@hindustancopper.com, 1Pf Web: www.hindustancopper.com

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v ~_._--~----~,." T H IS P R E S E N T A T IO N ("P R E S E N T A T IO N ") IS N O T A N O F F E R T O S E L L A N Y S E C U R IT IE S O R A S O L IC IT A T IO N T O B U Y A N Y S E C U R IT IE S O F H IN D U S T A N C O P P E R L IM IT E D (T H E "C O M P A N Y "). T h e m a te ria l th a t fo llo w s is a P re s e n ta tio n

• f g e n e ra l

b a c k g ro u n d in fo rm a tio n a b o u t th e C o m p a n y 's a c tiv itie s a s a t th e d a te

• f th e

P re s e n ta tio n . It is in fo rm a tio n g iv e n in s u m m a ry fo rm a n d d o e s n o t p u rp o rt to b e c o m p le te a n d it c a n n o t b e g u a ra n te e d th a t s u c h in fo rm a tio n is tru e a n d a c c u ra te . T h is P re s e n ta tio n d o e s n o t c o n s titu te a p ro s p e c tu s ,

• ffe rin g

c irc u la r

• r o ffe rin g

m e m o ra n d u m

• r a n
• ffe r, o r a s o lic ita tio n
• f a n y o ffe r, to p u rc h a s e
• r s e ll, a n y s h a re s

a n d s h o u ld n o t b e c o n s id e re d a s a re c o m m e n d a tio n th a t a n y in v e s to r s h o u ld s u b s c rib e fo r o r p u rc h a s e a n y o f th e C o m p a n y 's e q u ity s h a re s . S e c u ritie s

• f th e C o m p a n y

m a y n o t b e o ffe re d

• r s o ld in th e

U n ite d S ta te s a b s e n t re g is tra tio n u n d e r th e U .S . S e c u ritie s A c t o f 1 9 3 3 , a s a m e n d e d ,

• r a n e x e m p tio n

fro m th e re g is tra tio n re q u ire m e n ts

• f th a t A c t. A n y

p u b lic o ffe rin g

• r s a le o f s e c u ritie s
• f th e C o m p a n y

to b e m a d e in th e U n ite d S ta te s w ill b e m a d e b y m e a n s

• f a p ro s p e c tu s

th a t m a y b e o b ta in e d fro m th e C o m p a n y

• r

th e s e llin g s e c u rity h o ld e r a n d th a t w ill c o n ta in d e ta ile d in fo rm a tio n a b o u t th e C o m p a n y a n d its m a n a g e m e n t, a s w e ll a s fin a n c ia l s ta te m e n ts . T h is P re s e n ta tio n in c lu d e s s ta te m e n ts th a t a re , o r m a y b e d e e m e d to b e , "fo rw a rd -lo o k in g s ta te m e n ts ". T h e s e fo rw a rd -lo o k in g s ta te m e n ts c a n b e id e n tifie d b y th e u s e o f fo rw a rd -lo o k in g te rm in o lo g y , in c lu d in g th e te rm s "b e lie v e s ", "e s tim a te s ", "a n tic ip a te s ", "p ro je c ts ", "e x p e c ts ", "in te n d s ", "m a y ", "w ill", "s e e k s "

• r "s h o u ld "
• r, in e a c h

c a s e , th e ir n e g a tiv e

• r o th e r v a ria tio n s
• r c o m p a ra b le

te rm in o lo g y ,

• r b y d is c u s s io n s
• f s tra te g y , p la n s , a im s , o b je c tiv e s ,

g o a ls , fu tu re e v e n ts

• r in te n tio n s .

T h e s e fo rw a rd -lo o k in g s ta te m e n ts in c lu d e a ll m a tte rs th a t a re n o t h is to ric a l fa c ts . T h e y a p p e a r in a n u m b e r

• f

p la c e s th ro u g h o u t th is P re s e n ta tio n a n d in c lu d e s ta te m e n ts re g a rd in g th e C o m p a n y 's in te n tio n s , b e lie fs

• r c u rre n t

e x p e c ta tio n s c o n c e rn in g , a m o n g s t

• th e r th in g s ,

its re s u lts

• r o p e ra tio n s ,

fin a n c ia l c o n d itio n , liq u id ity , p ro s p e c ts , g ro w th , s tra te g ie s a n d th e in d u s try in w h ic h th e C o m p a n y

• p e ra te s .

B y th e ir n a tu re , fo rw a rd -lo o k in g s ta te m e n ts in v o lv e ris k s a n d u n c e rta in tie s b e c a u s e th e y re la te to e v e n ts a n d d e p e n d

• n c irc u m s ta n c e s

th a t m a y o r m a y n o t o c c u r in th e fu tu re . F o rw a rd -lo o k in g s ta te m e n ts a re n o t g u a ra n te e s

• f fu tu re

p e rfo rm a n c e in c lu d in g th o s e re la tin g to g e n e ra l b u s in e s s p la n s a n d s tra te g y

• f th e C o m p a n y ,

its fu tu re

• u tlo o k

a n d g ro w th p ro s p e c ts , a n d fu tu re d e v e lo p m e n ts in its b u s in e s s e s a n d its c o m p e titiv e a n d re g u la to ry e n v iro n m e n t. N o re p re s e n ta tio n , w a rra n ty

• r

u n d e rta k in g , e x p re s s

• r im p lie d , is m a d e
• r a s s u ra n c e

g iv e n th a t s u c h s ta te m e n ts , v ie w s , p ro je c tio n s

• r fo re c a s ts ,

if a n y , a re c o rre c t

• r th a t th e
• b je c tiv e s
• f th e C o m p a n y

w ill b e a c h ie v e d . T h e C o m p a n y 's a c tu a l re s u lts o f o p e ra tio n s , fin a n c ia l c o n d itio n a n d liq u id ity , a n d th e d e v e lo p m e n t

• f th e

b u s in e s s s e c to r in w h ic h th e C o m p a n y

• p e ra te s ,

m a y d iffe r m a te ria lly fro m th o s e s u g g e s te d b y th e fo rw a rd -lo o k in g s ta te m e n ts c o n ta in e d in th is P re s e n ta tio n . In a d d itio n , e v e n if th e C o m p a n y 's re s u lts

• f o p e ra tio n s ,

fin a n c ia l c o n d itio n a n d liq u id ity , a n d th e d e v e lo p m e n t

• f th e

in d u s try in w h ic h th e C o m p a n y

• p e ra te s ,

a re c o n s is te n t w ith th e fo rw a rd -lo o k in g s ta te m e n ts c o n ta in e d in th is P re s e n ta tio n , th o s e re s u lts

• r d e v e lo p m e n ts

m a y n o t b e in d ic a tiv e

• f re s u lts
• r d e v e lo p m e n ts

in s u b s e q u e n t p e rio d s . T h e C o m p a n y , a s s u c h , m a k e s n o re p re s e n ta tio n

• r w a rra n ty ,

e x p re s s

• r im p lie d ,

a s to , a n d d o e s n o t a c c e p t a n y re s p o n s ib ility

• r lia b ility w ith

re s p e c t to , th e fa irn e s s , a c c u ra c y , c o m p le te n e s s

• r

c o rre c tn e s s

• f a n y in fo rm a tio n
• r o p in io n s

c o n ta in e d h e re in . T h e in fo rm a tio n c o n ta in e d in th is P re s e n ta tio n , u n le s s

• th e rw is e

s p e c ifie d is o n ly c u rre n t a s o f th e d a te o f th is P re s e n ta tio n . T h e C o m p a n y a s s u m e s n o re s p o n s ib ility to p u b lic ly a m e n d , m o d ify

• r re v is e

a n y fo rw a rd lo o k in g s ta te m e n ts ,

• n th e b a s is o f a n y s u b s e q u e n t

d e v e lo p m e n t, in fo rm a tio n

• r e v e n ts ,
• r o th e rw is e .

T h is p re s e n ta tio n h a s b e e n p re p a re d b a s e d

• n th e

in fo rm a tio n a v a ila b le in th e p u b lic d o m a in a n d in te rn a l m a n a g e m e n t in fo "rm a tio n a n d e s tim a te s . T h e in fo rm a tio n c o n ta in e d h e re in is s u b je c t to c h a n g e w ith o u t n o tic e . P a s t p e rfo rm a n c e is n o t in d ic a tiv e

• f fu tu re

re s u lts . T h is d o c u m e n t h a s n o t b e e n a n d w ill n o t b e re v ie w e d

• r a p p ro v e d

b y a re g u la to ry a u th o rity in In d ia

• r b y a n y s to c k e x c h a n g e

in In d ia . T h is p re s e n ta tio n re fe rs to th e J o in t O re R e s e rv e s C o m m itte e (J O R C ) E q u iv a le n t M in e ra l re s o u rc e a n d O re R e s e rv e S ta te m e n t p re p a re d b y IM C S R G C o n s u ltin g (P v t.) L im ite d d a te d S e p te m b e r 1 1 , 2 0 1 0 . A s th is s ta te m e n t h a s b e e n is s u e d in 2 0 1 0 , th e in fo rm a tio n c o n ta in e d in s u c h s ta te m e n t is s u b je c t to ris k s in c lu d in g c h a n g e s in c a p a c ity re s e rv e s , c h a n g e s in e x p e c te d e x p a n s io n c o s t, ris k s re la te d to d e la y s in e x p a n s io n ,

• b ta in in g

a n d m a in ta in in g m in in g le a s e s a t th e m in in g s ite , o b ta in in g e n v iro n m e n ta l c le a ra n c e s a n d re q u is ite g o v e rn m e n t a p p ro v a ls . 2

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a

A 'Mini Ratna' Company

a

Around 5 decades

• f experience

in mining copper

a

Government

• f India (Gol) shareholding
• f 89.95 %

a

Named the industry leader (base metals) at the 2016 PLATTS Global Metals Awards

1 a

The only integrated producer of refined copper in India

a

Major activities include mining, ore beneficiation, smelting/ secondary smelting, refining and casting of refined copper metal into downstream products

a

The only company in India engaged in mining of copper ore

a

Owns all the operating mining lease of copper ore

a

Proven experience and expertise in developing and operating copper mines

........................................................................................................................................................................................................................................ a

Has access to over 2/3rd of India's copper ore reserves

a

Reserves: 411.53 mn tonnes

2 a

Resources: 623.31 mn tonnes

3

a

Plans to increase capacity from 3.4 mn tonnes to 12.4 mn tonnes

4 a

Through expansion, re-opening

• f closed mines and exploration

~ (fflrerrritIffiw

.'.

a

Market Capitalization

• Rs. 57,456 mn 5

a

FY 16 Revenue -

• Rs. 10,175 mn 6

,FY 16 EBITDA -

• Rs. 1,672 mn 6

Notes: 1. Platts 2016 global metal awards; https:/Igma.platts.com 2. Proved + Probable, as per Joint Ore Reserves Committee Equivalent Mineral Resource And Ore Reserve Statement prepared by IMC SRG Consulting (Pvt.) Limited dated September 11, 2010 3. Measured + Indicated, as per Joint Ore Reserves Committee Equivalent Mineral Resource And Ore Reserve Statement prepared by IMC SRG Consulting (Pvt.) Limited. dated September 11, 2010 4. Based

• n Management

estimates. Please note that these estimates are subject to risks including changes in expected capacity, changes in expected expansion cost, risks relating to delays in expansion,

• btaining

and maintaining mining leases at the mining sites,

• btaining

environmental clearances and requisite government approvals 5. BSE as of July 19,2016 6. Based

• n stock

exchange filings for FY ended March 31, 2016

4

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State Maharashtra Inception 1988 Facility Continuous casting Product Copper wire rod Capacity 60,000 tonnes p.a. Madhya Pradesh 1982 Mining (opencast), Beneficiation Copper Concentrate Ore -2.0 mn tonnes p.a. State Inception Facility Product Capacity

1~@jljijii~@@A) I

Product Capacity Facility

• ICC

Ift@fuil@jljijii~(@ijj)

I

State Jharkhand Inception 1924, Nationalized in 1972 Mining, Beneficiation Smelting & Refining Copper concentrate & cathode Ore -0.4 mn tonnes p.a. Cathode

• 18,500

tonnes p.a.

a

r' ,

~KCC

jTCP

!:j7

~GCP

Gujarat 2015 Copper smelting & Refining Copper cathode Cathode

• 50,000

tonnes

p.a.

Rajasthan 1967 Mining (underground), Beneficiation, Smelting & Refining Copper Concentrate & cathode Ore -1.0 mn tonnes p.a. Cathode

• 31,000

tonnes p.a. State Inception Facility Product Capacity State Acquisition Facility Product Capacity Notes: 1. Mines are operational,

• nly

Smelter and Refinery not in operation since Dec 2008,

• n account
• f economic

consideration 2. Map not to scale and is presented

• nly to provide

an indication

• f approximate

locations

• f our mining

complexes

5

SLIDE 7

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• Q

"

• Evolution
• f Hindustan

Copper

I ~~ >> ~ >> ~ >> ~ >> ~ >>

Wti@>

Source: Company website and annual reports

Hindustan Copper was setup in 1967 with 100

% Government of India

• wnership and assets at

Khetri, Rajasthan transferred to Hindustan Copper from NMDC Limited Government

• f India

nationalized Indian Copper Corporation Limited, Ghatsila, Jharkhand and merged with Hindustan Copper India's largest mechanized hard rock

• pen pit copper mine

was developed at Malanjkhand (MP) Wire rod copper plant at Taloja was commissioned Government

• f India

granted Hindustan Copper status of "Miniratna category -I" Acquired the secured assets of Jhagadia Copper Limited, now renamed Gujarat Copper Project

• ----------------------------------_

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Notes: 1. SSE as of July 19, 2016 2. Shareholding position as on June 30, 2016

Fils

0.03%

Financial Institutions

1.16% Shareholding Pattern

2

Oils

6.30%

Others

0.53%

Government of

India

89.95% 6

SLIDE 8

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Vertically Integrated Operations

@

Only Operating Producer of Copper Ore in India

@

Access to Substantial Copper Ore Reserves in India

@

Clear Roadmap for Expansion

@

Robust Financial Performance

7

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22.8 22.5 21.1 20.2 (m n tonnes)

W orld R efined C opper Production

18.9

18.6

17.3

W orld R efined C opper U sage

(m n tonnes) 16.6 Jan-M ar 2016 2015 2014 2013 2012

4.8

Jan-M ar 2016 2015 2014 2013 2012 a

Copper usage increased by -7% in Jan-M ar 2016 com pared to the sam e period in 2015

a

M ainly due to higher Chinese im ports (dem and increased by 17% )

a

Excluding China, world usage declined by 1.5% R egion w ise change in usage

a

Copper production Increased by -5% in Jan-M ar 2016 com pared to the sam e period in 2015

a

M ain contributor to growth was China; increase in production by 10% ; China's im port during the sam e period increased by 40% R egion w ise change in production Europe Asia +4% + 11% Africa Am ericas

• 17%
• 4%

Europe Asia

• 3%

+8% Africa Am ericas

• 16%

+9%

Excluding China, Asia: - 4%

W orld C opper M ine Production (in m etal term s)

(m n tonnes) 2012 18.2 2013 18.5 2014

19.1

2015 Jan-M ar 2016

M ain contributors to increase in m ine production

a 51 % rise in Peruvian

• utput, that is benefitting

from new and expanded capacity brought on stream in last 2 years

a Recovery

in production levels of Indonesia and US

a Ram p-up

in production in M ongolia R egion w ise change in production

a

Copper M ine production increased by -4.5% in Jan-M ar 2016 com pared to the sam e period in 2015 Europe Asia

• 0%

+5% Africa Am ericas

• 4%

+7.5%

Source: International Copper Study Group (ICSG) press release, June 2016

8

SLIDE 10 i __ .mn

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• q

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India's Per Capita Copper Consum ption currently low- Expected to increase to 3 kg by 2025 Dom estic Copper Consum ption to Increase

Copper consum ption growth rate is likely to increase around 6% to 7% due to im provem ent in growth rate of m anufacturing, housing & infrastructure and Power sectors

(Lakh tonnes)

6.65 FY 16

5.8

FY15

5.5

FY14

5.4

FY13 Refined Copper Consum ption 0.56 India 5.64 USA

5.82

China

(kg/person) Source: M inistry

• f M ines, Annual

Report 2015-16 Source: M inistry

• f M ines Annual

Report 2015-16

• Refined Copper Consum ption

W orld India

Governm ent initiatives will further Increase Growth

• f the

Copper Consum ing Industries

Electrical 17% Building & Constrution 48% Defense 3% Building&~~ Construction 8% Telecom 2% Electrical 34% Consum er Durables Transport 8% 11%

• Total projected
• utlay for infrastructure

in FY17:

• Rs. 2,212 bn

1

• "M ake in India" is expected

to drive m anufacturing growth

• Power and construction

sectors to witness strong growth

• Electricity

generation estim ated to increase by 6.4% in FY17

2

• 100 Sm art Cities and 500 AM RUT Cities likely to invite

investm ents

• f Rs. 2 tn in the next five years

3

India's copper consum ption is concentrated in Electrical industry in contrast with the rest of the world which is concentrated in Building and Construction

Source: 1. Union Budget 2016 -17, hUp:/Iunionbudget.nic.in 2. M inistry

• f power,

http://powerm in.nic.in/ 3. M ake in India, http://m akeinindia.com / Source: M inistry

• f M ines, http://m ines.nic.in/

9

SLIDE 11

964.5

• Significant

m ism atch betw een India's processing requirem ent and copper m ining capacity

• Approxim ately

100 m n tonnes

• f copper ore (assum ing

a copper content

• f 1% ) is required

to produce 1 m n tonne

• f refined

copper India's R efined C opper C apacity vs. C opper M ining C apacity

(as of FY16)

('000 tonnes)

999.5

1 N otes 1. R efining capacity break-up ('000 tonnes) i. H indalco: 500 ii. Vedanta: 400 iii. H C L : 99.5 2. Indicates the am ount

• f refined

copper that can be extracted from the current copper are production in India

• The copper ore production

in India for 2014-15 w as 3.5 m n tonnes, m eeting

• nly -4%
• f the country's

dem and

• 1. The current m ining

capacity is entirely catered to by H C L

• C ustom

sm elters are relying on im ported copper concentrate to feed their plants

H industan C opper A dvantage

• M ining

is the m axim um value creator in the value chain of copper

• H C L has identified

m ining as its core focus area

• Significant

capacity addition have been envisaged in M ining - expansion from 3.4M tpa to 12.4 M tpa

2

• Significant

potential for copper concentrate consum ption in the country. C urrently the requirem ents are m et through Im ports by custom sm elters

• H C L has added

50,000 tonnes

• f sm elting

and refining capacity by acquiring the assets of Jhagadia C opper Lim ited R efining C apacity 352 M ining C apacity G ap

1. C om pany annual report 2014-15 'fqrcdetails Source: M inistry

• f M ines Annual

R eport 2015-16

SLIDE 12

l

Cathode Refined Copper (RC) 99.99% Cu Continuous Cast Copper Rod

Continuous Cast Rod Plant

• Anode

99.5% Cu

• Copper

Concentrate 17%-26% Cu Copper Ore

• 1%

Cu

SLIDE 13

"

<>

"

a

Copper Concentrate

G rade 17-26%

Q Q Q Q a

Applications

Sm elting and Refined Copper

• ---,

a

Copper Cathode

Purity: 99.99% - equivalent to LM E G rade - "A" specification

a

Continuous Cast Copper Rod

Diam eter(m m ): 8, 11, 12.5, 16, 19.6 (+/- 0.50 m m )

• •....•-
• a

Applications

Alloys, foils, CC W ire Rods

a

Applications

W inding wires, strips

• -------------------------------------------------------------------.~-~---~-----~-----------------------------------------------------------
• By Products
• Anode Slim e containing

precious m etals

• Sulphuric Acid
• Copper Sulphate
• Applications

Anode Slim e - production of gold and silver 12

SLIDE 14

~ ~!fi)~ut@ ~

~~ut@

[F~

Q

"

"

"

<)

Facilities Overview

I~

Ilfl6Iffij1ti}j)II~~

II~ I

iGC-$melter ICC Copper smelting Copper anodes ICC Refinery ICC Copper refinery producing LME grade Copper Cathode from Anode Copper cathodes TQP Extrusion Pl.ant _ TCP Production of continuous cast rods from copper cathode Continuous cast rods _~Q=C Smelter & Refinte!¥._1 KCC Copper smelting & Refining Copper cathodes GQP Smelter & Refinery GCP Copper smelting & Refining Copper cathodes

OJ.I::I;:UlilTill~ler~ 1IlIIIIr.

20.5

18.5

60.0 31.0 50.0

1. Not in operation since Dec 2008, on account of economic consideration

Sales Overview

Metal in Concentrate

(tonnes)

Copper Cathode

(tonnes)

Continuous Cast Copper Rod

(tonnes)

8,361 FY14 FY15 2,702 FY16 7,386 FY14 FY15 285 FY16 FY14 FY15 21,125 FY16

Production Overview

FY 16

26,062

FY 15 FY 14

22,976

Continuous Cast Copper Rod

(tonnes)

FY 16

23,024

FY 15 Copper Cathode

(tonnes)

FY 14

22,825

FY 16

31,578

FY 15 FY 14 Metal in Concentrate

(tonnes) 32,276

3,908 FY 16 FY 15 FY 14 Ore

('000 tonnes)

13

SLIDE 15 1

1.02 1.15 0.93 1.25 1.45 1.04 0.87

1

• ..

,

.

• --~ ._ ~ -]

0.97 1.02 1.03 1.~Q

1.9~

O p e ra tin g M in e s

23.49 17.99 6.42 41.03 17.84 13.73 49.84 26.46 12.11 6.07 32.47 1.13 19.45 1.32 24.77 1.69

R e s o u rc e s 2 _ < I'1 1 !,T o n n e s)

• 1.05

1.27 1.14 1.18 1.4 2.19 1.15 1.08 0.91 1.03 1.32 0.51 13.47 20.27 4.81 9.85 3.36 30.63 9.27 7.68 41.6 14.42

• 44,25

411.53

• .

. •

• ...

, ,

• ---:!---~--z~r ---=:=JCL'-

245.66 0.95 331.59

M in e s C o p p e rR ~ ~ ~ r"e ~ _ ~ n d R e s o u rc e s a s o n A p ril 1 , 2 0 1 0 a s p e r J O R C

3 K h e tri K o lih a n B a n w a s C h a n d m a ri in te rm e d ia te C h a n d m a ri T o ta l T o ta l .M C P

[ic c

S u rd a p h a s e I S u rd a p h a s e II R a k h a p h a s e I R a k h a p h a s e II K e n d a d ih S id e s h w a r C h a p ri T a m a p a h a r

ICC

• K o lk a ta

(H e a d

• ffic e )
• G h a ts ila
• K h e tri

A

O p e ra tin g U n its

• R e g io n a l

S a le s O ffic e s

• B a n g a lo re

N e w D e lh i ..••• J h a g a d ia

• •.

M a la n jk h a n d T a lo ja

.At..

• M u m b a i

E x p e rie n c e a n d e x p e rtis e in d e v e lo p in g a n d o p e ra tin g C o p p e r M in e s

• H C L h a s s ig n ific a n t

M in in g R e s o u rc e s w ith h ig h g ra d e

• f c o p p e r

in O re N o te : 1 . M a p n o t to s c a le a n d is p re s e n te d

• n ly

to p ro v id e a n in d ic a tio n

• f a p p ro x im a te

lo c a tio n s

• f o u r

m in in g c o m p le x e s N o te : 1 . P ro v e d + P ro b a b le 2 . M e a s u re d + In d ic a te d 3 . J o in t O re R e s e rv e s C o m m itte e

• f th e

A u s tra la s ia n In s titu te

• f M in in g

a n d M e ta llu rg y , A u s tra lia n In s titu te

• f G e o s c ie n tis ts

a n d th e M in e ra ls C o u n c il

• f A u s tra lia .

S o u rc e : J O R C E q u iv a le n t M in e ra l R e s o u rc e A n d O re R e s e rv e S ta te m e n t p re p a re d b y IM C S R G C o n s u ltin g (P v t.) L im ite d . d a te d S e p te m b e r 1 1 ,2 0 1 0

14

SLIDE 16

H C L has access to over 2/3rd of India's copper

• re reserves

R eserves

(m n tonnes)

R esources

(m n tonnes)

411.53 623.31 223.58 187.95

• e

475.98

P roven A verage G rade P robable Total M easured Indicated M easured Inferred and Indicated Total

S ource: JO R C E quivalent M ineral R esource and O re R esource S tatem ent prepared by IM C -S R G C onsulting (P vt.) Lim ited. D ated S eptem ber 11, 2010

1

SLIDE 17 {;. c

• G)~~mru~~
• ,-
• I

Cl

../ Malanjkhand (Madhya Pradesh) ../ Khetri & Kolihan (Rajasthan) ../ Surda (Jharkhand) ../ Rakha (Jharkhand) ../ Kendadih (Jharkhand)

../ Awarded RP: Balaghat (Madhya

Pradesh)

../ New Mines: Banwas and Chapri Sidheswar

(Applied for area reservation)

~.

V-

,-I

~

• """'---"

~

i\_.• ~ _-r'''''~

../ Manufacturing value added products ../ Utilization

• f tails & waste rocks

../ New Smelter Plant based on Hydro- Metallurgy Technology

16

SLIDE 18

• -j

940 3,150 4,090 18,560 4,410 2,190 25,160

~l3:U elif.fc.]il~

~@ !]i[om jO "ifR m U1lmD 5.2 2.5 0.9

8.6

2.0 1.0 0.4 3.4

I)

• I~

II~~II~~I

r------~- . --------

• .

.----l ----- l_~~nda~ih .___ ....

_.i

• 0.21

,---_.

• ...~ -----

.._ ...--"

l R akha__

J

• 1.5

I _.-

• --1

. T otal

j.

1.7 ~ :I2]

if} iOW C!iJ ~~

.. ~ E 1I(2f(ffi)

C!iJ

~~

• Q

@ ~~~

I~. ... .. II-~-I'~--.

II ~

I

C hapri-Sidheshw ar T otal

I~ II~~II~~I

r------ "._... .

• -.,-----,.

.

0.6 1.5 2.1

~13:t.lm r:-ft!m ~

~ @ ']i[l{:]irrenm

r:mm

~fi!Lfif)

920 4,170 5,090

Source: C osts stated are at the tim e

• f aw ard I Based
• n M anagem ent

estim ates. Please note that these estim ates are subject to risks including changes in expected capacity, changes in expected expansion cost, risks relating to delays in expansion,

• btaining

and m aintaining m ining leases at the m i ning sites, obtaining environm ental clearances and requisite governm ent approvals

17

SLIDE 19

~

.

e~~@ f~

I;)

• '0

Q

!,

li'!IItiJi}

2018

• fi!iIti:@

~

1=1

Started in 2015 2019 W ork-in-progress 2020 W ork-in-Progress 2020 Stage-II FC awaited

~~

~O[k!fl

~i!m 1I

Com pleted Com pleted Com pleted Com pleted Com pleted Com pleted Com pleted Com pleted

llil:i! flU ~

'

~[ili@)

~

Il:-m! ft1[Ii!?) (ij]

(ij]~D

~(W@)

(ID@

IY!fJ (W !tEl!)

~~

lillm!l

~.~~

~

DI ~ I

~

fM CP---

• -,Investm ent

approvals in place Com pleted

l . <

lKh~~i--------r Investm ent approvals in place Com pleted

r-----

[Surda . Investm ent approvals in place Com pleted ~~n~~dih ~ Investm ent approvals in place Com pleted Rakha Investm ent approvals in place Plan to be com pleted by M arch 2017 Stage-II FC awaited W ill be im plem ented .through M OO route Banwas Investm ent approvals in place Com pleted Com ~~ed Com ~e~d W ork-in-Progress Incidental ore being received Chapri-

i

Sideshwar

i Investm ent

approvals in place Plan to be com pleted by M arch 2017

J

Stage-II FC awaited W ill be im plem ented through M OO route

18

SLIDE 20

• c
• .n.~,

e~{@ j'~~

D istrict East Singhbhum (Jharkhand)

• 00

3 C opper Blocks

• o C)"

6 C opperBlocl<s 000

000

4 C qpper Blocks

D istrict Alw ar, Sikar, Jhunjhunu, C hhitorgarh (R ajasthan) D istrict Balaghat (M adhya Pradesh)

~~£ID?~~~tmr~<!fj~~

~1mfui~<!fj~filll!)~~ffiI!)~~ ~

N otes: 1 Aw arded R P in 580.73 sq km in the district

• f

Balaghat in M P 2 M ap not to scale and is presented

• nly to provide an indication
• f approxim ate

locations

• f our m ining

com plexes

19

J

SLIDE 21 (J

• ~
• e~~~~

I~n

• J~u;r

II

< ~

• I

Extraction of Nickel as a by product at Indian Copper Complex (ICC) 200

a

Contract awarded

a

Copper and Acid extraction part of the plant commissioned

a

Nickel separation part of the plant commissioning expected to be completed by end of July 2016 Extraction of Minerals from Copper ore tans Under estimation

a

Technology identified to extract copper, precious minerals, media grade magnetite, sand grade silica, micro nutrient, etc.

a

Pilot plant commissioned in April 2016 at Khetri.

a

Feasibility study underway JV with CMDC for exploration & exploitation

• f copper in

Chhattisgarh State. 100.0

a

Board has approved the JV Agreement in May 2016

a

JV Agreement is proposed to be signed in Aug 2016

20

SLIDE 22

I

London Metal Exchange (LME) Copper Prices USD INR Rates

(U S $/IN R ) (U S $/tonne) 7,855

80 1

70 1

60

50 A pr-2016 A pr-2015 A pr-2014 A pr-2013 40 I I I I I A pr-2012 FY 16 Y TD FY 17 65.90 67.08 FY 15 61.57 FY 14 60.90 FY 13 54.75 A vg. U S D /R s. S ource: B loom berg

Revenue

(R s. m n) 15,728 15,839 FY 16 FY 15 FY 14 FY 13 3,556

Net Income

(R s. m n) 17% FY 16 19%

• FY 15

41%

FY 14 6,071 42% FY 13

EBITDA

(R s. m n) FY 16 FY 15 FY 14 FY 13

• E B ITD A
• M argin
• N et Incom e
• M argin

N ote: 1 R evenue includes

• ther

incom e N ote: 1 E B ITD A includes

• ther

incom e 2 E B ITD A m argin = E B ITD A (including

• ther

incom e) I R evenues (including

• ther

incom e) N ote: 1 N et Incom e m argin = N et Incom e I R evenues (including

• ther incom e)

S ource: Financial dat~ for FY 13, FY 14 & FY 15

• A nnual

R eports, Financial D ata for FY 16

• S tock

E xchange filings

21

SLIDE 23 Q

@ )~~

• 11
• <,

()

"

,

,-----~-_

.."""'.,';--, ..

Net Worth

(R s. m n)

Net Cash

(R s. m n)

17.86 19.77

~.~~/

(.20.68/

'-'.".~ _ ...-'

18,293 18,615 19,134 16,521

13,667 13,989

1

14,508 11,895

~ ~ ~ ~ I

3,228

.

1,090 , 25,000 20,000 15,000 10,000 5,000

• F Y 13

F Y 14

..-- .

F Y 15

/~ _ v_ "'"'.'--"""'"

F Y 16 5,270 F Y 13 5,151 F Y 14 F Y 15 F Y 16 cS hare C ap R eserves & S urplus /' B V per share (R s)

F igures above the bar indfcate N et W orth N ote: 1 N et cash calculated as cash and cash equivalents

+ current

investm ents

+ non-current

investm ents

• total debt of

R s. 2072 m n, as on date S ource: F inancial data for F Y 13, F Y 14 & F Y 15 ~A nnual R eports, F inancial D ata for F Y 16

• S tock

E xchange filings

22

SLIDE 24

r

~_-_-_-_J

SLIDE 25 {)

• Shri K. D. Diwan

Chairm an-cum - Managing Director {) l IF@:ID(ITFJ Holds a Bachelor's degree in Electrical Engineering from the National Institute

• f Technology,

Raipur; also holds a Bachelor's degree in Law from Ravishankar University, Raipur; a Post Graduate Diplom a in M aterials M anagem ent from the Indian Institute

• f M aterial

M anagem ent, M um bai and a Post Graduate diplom a in Financial and Accounts M anagem ent from Ravishankar University, Raipur Has 31 years

• f experience

in Operations, M aterial M anagem ent, M arketing and Finance, having previously worked in Bharat Refractories Lim ited as the Head (M arketing and Services). Prior to becom ing the Chairm an-cum -M anaging Director

• f Hindustan

Copper Lim ited, he was the Director (Operations)

• f the Com pany

Awarded the Global HR Excellence Award under the Individual Category

• f -

CEO with HR Orientation

• ~.

. ". Shri Anupan Anand

• Holds a

M asters' degree in Physics from Banaras Hindu University, a M asters' degree in Public Adm inistration from Punjab University, a diplom a in

'''' _ D'

t

(P I)

Social W ork (DSW ) from Calcutta University and has passed the Bihar Factory W elfare Officers' Exam ination conducted by Departm ent

• f Labour,

I ',.-

• Irec or

ersonne Governm ent

• f Bihar

~\'..~'''~ •.•

• ..
• Has extensive

experience in all facets

• f Hum an

Resources including Hum an Resource M anagem ent, Hum an Resource Developm ent, Adm inistration and Industrial Relations .:" ~ _ :~o~t: ~0~i:9_ ~i~d~s~a~ ~:p~:r ~i~~~d~ ~~~e~

~~

a~0~~d_2~~e:~ ~n_s~e~I_A~~~i~ :f_l~d~ ~~~L~ ~ :S_~~~R~ ~n_M :~~ _

Shri V V Venugopal Rao

Director (Finance) Holds a M asters' degree in Ecology & Environm ent, a Bachelor's degree in Com m erce from Andhra University and is a Chartered Accountant Prior to joining HCL, he was Director (Finance) in Braithwaite & Co. Lim ited. (a PSU under the M inistry

• f Railways

He has also worked in various capacities in Steel Authority

• f India

Lim ited (SAIL) including as Assistant General M anager in M D's Technical Secretariat

• f SAIL,

Bhilai Steel Plant,.

• ~(.

Shri Sanjay Kum ar Bhattacharya

Director (Mining) Holds a Bachelor's degree in M ining from National Institute

• f Technology,

Raipur and a M BA in International Business. He is a qualified M ining Person under M ines Act, 1952, possessing first class M ines M anager Certificate

• f Com petency

to m anage Open Cast M etalliferous M ines He has 35 years

• f varied

and diversified work experience in Copper m ining (16 years at HCL), Iron Ore M ining (11 years at NM DC), Bauxite M ining (3 years at BALCO) and in construction activities for infrastructure developm ents like State Highways, M ining

• f Rock-Phosphate

& Bauxite M inerals for State Govt. and State M ining PSUs through private participation (5 Years). Prior to joining the Board, Shri Bhattacharya was General M anager (M ines) at M alanjkhand Copper Project

• f the Com pany.
• Shri Santosh

Sharm a

Director (Operations) Holds a Bachelor's degree in Electrical Engineering, a LLB from Ravishankar University, Raipur and a M BA in M arketing from Sikkim M anipal University. He is also a m em ber

• f Indian

Institute

• f M etals

and Indian Institute

• f W elding

He joined the Com pany as General M anager (Operations) and thereafter, he becam e Executive Director (Operations) and also assum ed charge as Unit Head

• f Gujarat

Copper Project, a unit of the Com pany, in June, 2015 Prior to joining Hindustan Copper Lim ited, he was DGM (Projects) in Bhilai Steel Plant. There he was conferred with Jawahar Award for outstanding perform ance for preparation

• f plan for installation
• f Solar

Power Units. He had also spearheaded the execution and m onitoring

• f a m ega

project

• f construction
• f Blast Furnace-8

in Bhilai Steel Plant 24

SLIDE 26

R eserves

(m n tonnes) 0.88 245.66

M ining Lease

• A rea (sq. km .)

4.7990

E xpiry

31/03/20201

C opper O re P roduction

('000 tonnes) N ote: 1 S hall be extended as per M ineral (M ining by G overnm ent C om pany) R ules 2015 Total P robable 141.76 103.90 P roven

R esources

(m n tonnes) 331.59 FY 13 FY 14 FY 15 FY 16

M etal - in- C oncentrate P roduction

FY 16 FY 15 21.2 FY 14 FY 13 ('000 ton nes) A verage G rade

• From

existing 2.0 m tpa to 5.2 m tpa

E xpansion P lans

SLIDE 27 F Y 16 F Y 16

Expiry .

F Y 15 F Y 15 A rea (sq. km .) 448 F Y 14 F Y 14 419 F Y 13 F Y 13 _ ..~.•...~ ..•...--,... ..._.~'-~-

• _.-

~ ~ N ote: 1 S hall be extended as per M ineral (M ining by G overnm ent C om pany) R ules 2015

C o p p e r O re P ro d u ctio n

('000 tonnes) ('000 tonnes)

M e ta l - in - C o n ce n tra te P ro d u ctio n M in in g L e a se

T otal 196.86 T otal 37.92 Inferred 63.55 P robable Indicated

• M easured

P roven

• 121.61

74.07 84.87

r-.--~.~, .~

• Increasing

S urda M ines capacity from 0.4 M tpa to 0.9 M tpa,

• R eopening
• f C losed

M ines 1.71 M tpa and establishing new M ines 1.5 M tpa ~ A verage G rade

E xp a n sio n P la n s R e so u rce s

(m n tonnes)

R e se rve s

(m n tonnes)

SLIDE 28

01

Expiry Area (sq. km.)

Mining Lease Reserves

(m n tonnes) 44.25 N ote: 1 Shall be extended as per M ineral (M ining by G overnm ent C om pany) R ules 2015 25.98

18.27

Copper Ore Production

('000 tonnes) 10.5 FY16 FY16 FY15 FY15 FY14 FY14 FY13 FY13

r---

1,104 ('000 tonnes)

Metal - in- Concentrate Production

Total

94.87

Total

• Inferred

Probable

4D

• Increasing

Khetri & Kolihan M ines capacity from 1.0 M tpa to 2.5 M tpa and developm ent

• f new m ine

Banw as 0.6 M tpa M easured Indicated ., Average G rade

Expansion Plans

Proven

Resources

(m n tonnes)

• .....•...•.~.--~

. .." .~,,,,,.~,,,"-,,-_.

~

..•.•.. __ ..•.

SLIDE 29

1F~~~~~»

~.~~

• c
• I(;.'

(, c

l

Inception Facility Product Capacity Technology Location

a

D ecem ber 1989

II

C ontinuous C asting

II

C ontinuous C ast C opper R ods (C C R )

II

Inputs (C athodes) sourced from IC C and tolled cathodes from KC C

a

60,000 tonne p.a.

II

D iam eters: 8m m , 11m m , 12.5m m , 16m m , 19.6 (+1- 0.50 m m )

II

Sourced from Southw ire C o., U SA

a

W orld's leading technology for producing prem ium quality C C R s

II

R ods produced by this technology m eet the m ost exacting standards conform ing to ASTM B 49/98 &Ior IS 12444/1988

• Taloja is a 43 km drive from M um bai airport and enjoys m ost of the facilities of a

m etro city

• Vashi is another im portant com m ercial

hub close to Taloja

• The district headquarters Alibagh,

is a popular tourist spot

28

SLIDE 30 i "'= _ .,,-~ -

• @ nnR ~ ~

~ ~ ~ 0 0 0 '"

.~~ ~ ~ «OO!f?>>>

• Cl
• Cl

Q

1

I

Acquisition Facility Product Capacity Technology Status

a

H C L acquired the secured assets of Jhagadia C opper lim ited (JC L) from A R C IL under S A R F A E S I A ct in A pril 2015 and renam ed it as G ujarat C opper P roject (G C P )

a

C opper sm elting and R efining - Largest secondary recycler in India capable

• f

producing LM E "A " grade C opper C athodes.

a

F lexibility to process various grades of copper/precious m etal bearing raw m aterials including E -scrap.

a

C opper C athodes, conform ing to LM E -A grade. C opper C athode produced is

• ne of the best in the industry.

a

50,000 tonnes p.a.

a

S m elter: T op B low n R otary C onverter (T B R C ) process using K aldo furnace from M /s B oliden C ontech A B , S w eden

a

R efinery: IS A P rocess from . M /s X trata, A ustralia

a

P hase - I R efurbishm ent

• f plant com pleted.

29