Hindustan Copper Ltd is the only company which has rights to mine
copper ore. The company converts copper ore to cathodes, which is
further upgraded to bars and rods.
New Office Complex at Calcutta : The company has constructed a new
office complex, Tamra Bhavan at 1, Ashutosh Chowdary Avenue,
Progress of New projects\ Expansion schemes :
Modernisation of concentrator plant at KCC : Installation of larger
capacity flotation cells and online stream analyser has been
Expansion of Khetri Smelter and Refinery : Company is preposing
expansion of Khetri Smelter and Refinery capacity from present 31000
to 100000 TPA partly based on imported concentrate. Government
approval has already been received for stage -I clearance. The
project is expected to be commisioned by the end of 1998.
Banwas Mine : To replace the low grade blocks and worked out levels
of Khetri Mine, Banwas will be mined through Khetri mine upto 60 Mtr
level. Necessary mine development activities have been initiated.
Gas Cleaning plant
Gas cleaning plant at both ICC and KCC have been completed.
Alkali Scrubbing Plant
Mechanical completion of Alkali Scrubbing Plant at both ICC and KCC
DEVELOPMENT OF SSI AND ANCILLARY UNITS
HCL units at Khetri Copper Complex, Khetrinagar, Indian Copper
Complex, Ghatsila and Malanjkhand Copper Project, Malanjkhand are
extending necessary assistance to the SSI units for its development
by placing orders on them. Plant level ancillary development
committee meetings are held periodically. SSI and ancillary units are
encouraged to develop import substitution items and all assistance are
provided by the units.
Hindustan Copper Ltd. has incurred a loss of Rs. 99.32 crore during
April-November 1996 due to decline in world copper prices, hike in
input costs of petroleum products, tail freight, power tariff and
reduction in customs duty. It suffered a loss of over Rs. 73 crore
in the first six months of the 1996-97.
Hindustan Copper Ltd has decided to close down its largest mine in
the East - Mosabani - in order to scale down the rising production
cost. The HCL took decision at at its board of meeting in December
Hindustan Copper Ltd. and the Ministry of Mines have signed a
memorandum of understanding (MoU) for 1997-98.
-GOI has decided to divest its entire shareholding of 98.95% in the
company since the company has incurred an accumulated loss of Rs.4484
-The Musabonni Mines and Labour Union (MMLU) has filed a writ
petition against the closure of Surda mine of Hindustan Copper Ltd.
-CRISIL has placed the outstanding AAA rating assigned to Hindustan
Copper Ltd's 15cr Non-Convertible bond programme on rating watch and
-Hindustan Copper has touched a 52 week-high of Rs.51.10. The CCD
has also cleared the way for the disinvestment of the company.
-Inks target MoU with the government, fixing its parameters and
targets for the fiscal year
- Hindustan Copper Ltd (HCL) plans to maximise its copper ingot
production and ore mining capacity, entailing an investment between
Rs 1,500 crore and Rs 2,000 crore in phases.
- Hindustan Copper plans to go for green filed exploration for
copper and other mineral categories including gold.
- Hindustan Copper received mini-ratna (category-I) status from the
government that will give it a free hand in taking decisions on
capital expenditure up to Rs 500 crore.
- Hindustan Copper Ltd has informed that Sri. R C Sungla has been
appointed as Director (Mining) with effect from February 18, 2009 in
terms of the Ministry of Mines' order dated February 18, 2009.
- Hindustan Copper today announced that its follow-on-public offer
(FPO) of about Rs 4,000
- HCL granted Prospecting Lease for Baniwali Ki-Dhani in rajasthan
- Hindustan Copper pays Rs 46.07 cr as final dividend to Union
Ministry of Mines
- Hindustan Copper gains over 13% in weak market
- Company has approved payment of dividend as recommended by the