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Hind Copper aims 25% growth in ore production in FY20

The copper major has set a revenue from operations target of Rs 2,000 crore, and capex of Rs 600 crore -- mainly for mine expansion projects.

May 27, 2019 / 07:20 PM IST
 
 
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Hindustan Copper Ltd is aiming at a 25-per cent growth in ore production to 51.5 lakh tonne in the fiscal 2019-20, the company said on May 27.

The copper major has set a revenue from operations target of Rs 2,000 crore, and capex of Rs 600 crore -- mainly for mine expansion projects.

The state-owned company also said it signed a memorandum of understanding with the Ministry of Mines, outlining the performance targets for this fiscal -- raising copper ore production to 51.5 lakh tonne from 41.22 lakh tonne in 2018-19.

The MoU was signed between Ministry of Mines Secretary Anil Mukim and HCL Chairman and Managing Director Santosh Sharma.

The ore production aim is in line with the company's ramp-up plan to 200 lakh tonne over the next few years.
PTI
first published: May 27, 2019 07:15 pm

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