<h1>Hindustan Copper to Issue New Shares, Reducing Government Stake and Boosting Expansion for Increased Copper Production.</h1> The Cabinet Committee on Economic Affairs approved Hindustan Copper Limited (HCL) to issue fresh equity shares amounting to 15% of its paid-up equity capital through the Qualified Institutions Placement route. This move will reduce the government's stake in HCL from 76.05% to 66.13% and increase HCL's paid-up share capital from Rs. 462.61 crore to Rs. 532 crore. The funds raised will support HCL's expansion plans to boost copper production and meet 30% of India's refined copper demand, creating approximately 9,300 jobs. HCL aims to increase its mining capacity sixfold over the next six years to reduce copper imports.