Page 5 - Hindustan Copper

Base metals stocks shine as supply crunch, EV push lift copper, zinc prices

Shares of firms in this space up 50-198% since November 2020; global demand for copper and aluminium outstrips supply, pushing spot prices higher than futures

Nifty Metal index slips 4%; SAIL, Jindal Steel tumble up to 14%

Welspun Corp, Hindalco Industries, Hindustan Copper and JSW Steel were down 5 per cent in intra-day trade on the NSE

Nifty Metal index slips 4%; SAIL, Tata Steel, Hindustan Copper dip up to 6%

An increase in coking coal prices would not augur well financially for steel companies' in India, ICICI Securities said in a note

Hindustan Copper reports 53% decline at Rs 9 crore for September quarter

Hindustan Copper on Tuesday reported 53 per cent decline in consolidated net profit at Rs 9.15 crore for the quarter ended September 30.

Hindustan Copper board to consider raising funds by issue of shares via QIP

This will be to the extent of 15 per cent of existing paid up equity capital, the state-owned company said in a filing to BSE

Govt may look at strategic sale of Hind Copper to meet disinvestment target

Govt also asks 8 PSUs to go for share buyback

Hindustan Copper enters long-term deal to supply concentrate to Hindalco

With this partnership, the companies have moved towards import substitution; Hindustan Copper is the only producer of concentrate in India

Hindustan Copper board defers decisions of proposals due to less time

"Due to paucity of time, the.... proposals could not be discussed and deferred by the board," it said in a regulatory filing

Par panel asks Hind Copper to take measures for execution of projects

t has been stated that though expansion projects in revised estimate (RE) stage, the target has been retained at Rs 402 crore

Metal shares tumble as coronavirus cases jump in South Korea, Italy

The IMF has predicted the epidemic would shave 0.1 percentage points off global growth

Margin pressure, global factors to impact copper industry's financials

LME copper prices started declining and have remained suppressed ever since the US-China trade war began

Hindustan Copper plans to increase ore production five times by 2025

It is also expecting the Kendadih mine to commence operations which it reopened in 2017

Hindustan Copper eyes 20 MT output by 2024, plans to open closed mines

Hindustan Copper, which is currently catering to around five per cent of the domestic copper demand, expects to take it to 30 per cent

Hindustan Copper eyes Rs 100 bn turnover by FY24 through capacity expansion

Hindustan Copper at present meets 4 per cent of the country's copper requirement

Hindustan Copper seeks gold in copper ore leftovers from Madhya Pradesh

The project could generate 360 kg gold, 3,600 kg silver annually

Hindustan Copper surges 7% on reopening of Kendadih mine

Kendadih copper mine was closed in the February, 2000 due to economic reasons. Since then, considering the favourable market conditions, the Company has reworked the mine business plan.

Hind Copper eyes higher credit limit for expansion

The move comes against the backdrop of HCL planning to float tenders to reopen operations in the Rakha underground mine

FTAs with copper-producing nations threaten domestic sector: Hind Copper

HCL is the only vertically integrated copper producer in the country

Hindustan Copper to quadruple mine capacity

Hindustan Copper Ltd (HCL) is implementing mine expansion projects to increase the production capacity by four times besides investing Rs. 3025 crore to set up a 0.1 million tonne per annum (mtpa) plant in Chattisgarh.In the company's annual general meeting, its chairman cum managing director, K.D. Diwan said, "The company's flagship project, Malanjkhand underground mine of annual capacity 5 mtpa is progressing well. It is expected that the ore production from underground mine will commence from December 2018".It has also appointed a mine development officer for the Banwas mine at Khetri and received the environmental and forest clearances for its Kendadih and Rakha mine re-opening projects located at Ghatsila in Jharkhand. "HCL's focus in the next fiscal would be to expedite the expansion programme and ramp up the production from Gujarat Copper Project located at Bharuch in the shortest possible time", he said.In the last fiscal year, HCL's copper ore production fell marginally 3.8 ..

Street signs: Retail investors cash in on Hindustan Copper

Govt had set the floor price for the share sale at an 8% discount to the prevailing market price