Hindustan Copper Ltd a Mini Ratna Category-1 status company is a public sector undertaking under the administrative control of the Ministry of Mines. The company is engaged in mining of copper ore beneficiation smelting refining and manufacturing of down-stream products like Copper Cathode and Continuous Cast Wire Rod. They have the distinction of owning all copper mining leases in the country.The company is the only vertically integrated producer of primary refined copper in India. The company markets copper cathodes copper wire bar continuous cast copper rod and by-products such as anode slime (containing gold silver etc.) copper sulphate and sulphuric acid. More than 90% of the sales revenue is from cathode and continuous cast copper rods.The company has four operating units namely Khetri Copper Complex (Rajasthan) Malanjkhand Copper Project (Madhya Pradesh) Indian Copper Complex Ghatsila (Jharkhand) and Taloja Copper Project (Maharashtra). Khetri and Ghatsila are fully integrated units (mining ore beneficiation smelting and refining) Malanjkhand has mining and ore beneficiation and Taloja has only wire rod manufacturing facility.Hindustan Copper Ltd was incorporated on November 9 1967 as Government company with the name Hindustan Copper (Pvt) Ltd. In February 27 1968 the company was converted into a public limited company and the name was changed to Hindustan Copper Ltd. During the year the assets of National Mineral Development Corporation Ltd at Khetri Rajasthan was transferred to the company.In the year 1972 the Government of India nationalized the Indian Copper Corporation Ltd at Ghatsila Jharkhand and handed over to the company. In the year 1976 the company commissioned the smelter plant with capacity of 31000 TPA. In the year 1982 the company commenced Malanjkhand Copper Project (MCP) at Malanjkhand Balaghat district in Madhya Pradesh.In the year 1989 the company commissioned CC Rod plant at TCP with installed capacity 60000 TPA using southwire SCR- 2000 technology and natural gas as fuel. In the year 1993 the promoter of the company sold 3411000 equity shares to Life Insurance Corporation of India General Insurance Corporation of India Manali Investment & Finance (Pvt) Ltd and GIC Mutual Fund. In the year 1994 the equity shares of the company were listed on the Bombay Stock Exchange Ltd (BSE).The Government of India approved the restructuring of the company in the year 1999 2002 and 2008. In the year 2008 the company was granted Miniratna-Category I status by the Government of India.The company has started processing of low grade sulphide ore (average copper content of 0.3% or less) due to buoyancy in copper prices and is working on a research & development project to exploit low grade sulphide ores through bio-leaching technology at MCP.The company plans to expand their current production level of approximately 3.21 MTPA to an expected mining capacity of at least 12.41 MTPA by the end of fiscal 2017. The expansion plan includes expanding their existing mines namely the Malanjkhand mine of MCP the Khetri mine and Kolihan mine of KCC as well as the Surda mine of ICC reopening some of their mines that were closed in the past and renewing their mining leases namely the Kendadih mine and Rakha mine of ICC and establishing new mines namely the Banwas mine at KCC and the Chapri-Sideshwar mine at ICC. For long term growth prospects the company has applied for certain additional mining leases prospecting licenses and reconnaissance permits in the States of Jharkhand Madhya Pradesh Haryana and Rajasthan. The company also plans to seek alternative revenue sources from waste material such as waste rock and copper tailings generated from its mining operations at MCP and KCC.During the year 2013-14 the Government of India pursuant to SEBI guidelines for `Offer for Sale' through the Stock Exchange mechanism sold 37119152 equity shares out of its existing shareholding in the Company on 3rd July2013 and mobilized an amount of Rs. 259.84 Crores. Consequently the Government shareholding in the Company has come down from 94.01% to 90% making the Company compliant with SEBI requirement of 10% Minimum Public Shareholding in listed Public Sector Companies.