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.
Hindustan Copper which reported its June earnings recently is expecting good growth in its topline in the ensuing quarters. In an interview to CNBC-TV18, the company‘s chairman and managing director,
Hindustan Copper has declared its fourth quarter results. Shakeel Ahmed, chairman and managing director says, the company would be raising about Rs 250 crore through ECB next year.
Shakeel Ahmed, chairman and managing director of Hindustan Copper says inventory levels remain high despite liquidation in Q3 and the company will continue with liquidation in Q4 too to support performance.
Speaking to CNBC TV18, Shakeel Ahmed, chairman and managing director, Hindustan Copper said, despite increased concentrate we could not convert it into sellable refined copper resulting in some temporary setback to our sales performance.
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 announced its first quarter results. The company's Q1 net profit was up 132% at Rs 60.4 crore versus Rs 26 crore and net sales were up 19% at Rs 269 crore versus Rs 226 crore. Hindustan Copper’s chairman and managing director, Shakeel Ahmed told CNBC-TV18 that they don’t look to raise funds through a follow on public offer (FPO).
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.
Hindustan Copper Ltd (HCL) has reported their Q4 results for FY11. They posted a 33.54% drop in their net profit at Rs 61 crore as compared to Rs 91 crore last year same period. Their topline decreased to Rs 285 crore as against Rs 408 crore.
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.
Hindustan Copper’s Q3 net profit was at Rs 80.7 crore. Its net sales were at Rs 307 crore.
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.