In an interview with CNBC-TV18, Hindustan Copper chairman and managing director KD Diwan explains that the sale of stake was successful and that the PSU would fund all its expansion plans through internal accruals.
Hindustan Copper plunged 18% in early trade today after the Government set the floor price for its offer for sale (OFS) at a steep discount to the current market price. In an interview to CNBC-TV18, Prithvi Haldea of Prime Database says he is happy that the Government‘s divestment plan has finally begun.
The government has approved sale of its minority stake in Hindustan Copper. In an interview to CNBC-TV18, Kailash Dhar Diwan, chairman and managing director of Hindustan Copper says divestment is likely to take place in mid-October.
In an exclusive interview to CNBC-TV18, Hindustan Copper says that the 20-25% correction in copper prices has not had a huge impact on its margins.
In an exclusive interview to CNBC-TV18, Shakeel Ahmed, chairman and managing director of Hindustan Copper says the company plans to fund Rs 1,850 crore expansions through internal accrual only.
Hindustan Copper has put off its follow-on public offering for the time-being. Speaking to CNBC-TV18, CMD of the company, Shakeel Ahmed said that improved financials were the reason behind the delay.
Shakeel Ahmed, CMD of Hindustan Copper, in an interview with Latha Venkatesh and Gautam Broker, spoke about the recent happenings in his company and the road ahead.
Hindustan Copper’s follow- on public offer (FPO), which was expected to come out in FY12, may get delayed further. Speaking to CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, the company's CMD Shakeel Ahmed said, there is still no clarity on the timing for the FPO.
In an exclusive interview with CNBC-TV18, Shakeel Ahmed, CMD of Hindustan Copper, says that the demand and supply mismatch for 2011 is to the extent of four to five lakh tonne and it will keep the copper prices buoyant.