30th-Apr-2012 14:08Source: BSE

Hind Copper - Clarification

With reference to Increase in Volumes, Hindustan Copper Ltd has clarified to BSE that the recent increase in traded volumes of Company's shares may be possibly due to following reasons:

i) Increase in Copper prices - The LME price of Copper in the International market has seen significant improvement in the last week and the price has increased from US Dollar 8100 per tonne levels as on April 23, 2012 to the current levels of US Dollar 8600 per tonne as on April 30, 2012, a jump of about 6%.

ii) Disinvestment of Company's shares - It is understood the Cabinet note for the proposed disinvestment of Government of India's shares in Hindustan Copper Limited has been moved.