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Hindustan Copper shareholders approve 23.2% dividend for FY22

The company would make a total dividend payout of Rs 112.17 crore as approved in the 55th Annual General Meeting

Topics
Hindustan Copper | Copper producers | Industrial Metals

Press Trust of India  |  New Delhi 



Hindustan Copper
HCL Arun Kumar Shukla said the production from the company's flagship project, Malanjkhand underground mine, has commenced

Shareholders of state-owned Ltd (HCL) on Wednesday approved a 23.2 per cent dividend for the financial year ended in March 2022.

The company would make a total dividend payout of Rs 112.17 crore as approved in the 55th Annual General Meeting, HCL said in a statement.

During the meeting, HCL Arun Kumar Shukla said the production from the company's flagship project, Malanjkhand underground mine, has commenced.

He also informed that the company has repaid a loan of Rs 729 crore in FY2021-22 from its internal accruals.

As the global economy moves toward net zero carbon emissions through the energy transition, the role of copper remains pivotal as the most efficient conductive material, indispensable for capturing, storing and transporting green energy, he said.

Hence, a significant rise in demand for copper has been predicted on account of the thrust on a low-carbon economy, he added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


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First Published: Wed, September 28 2022. 23:47 IST

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