Hindustan Copper Limited
Hindustan Copper Limited (HCL), a public sector undertaking under the administrative control of the Ministry of Mines, was incorporated on 9th November 1967. It has the distinction of being the nation’s only vertically integrated copper producing company as it manufactures copper right from the stage of mining to beneficiation, smelting, refining, and casting of refined copper metal into downstream saleable products. The Company markets copper cathodes, copper wire bar, continuous cast copper rod and by-products, such as anode slime, copper sulphate and sulphuric acid. HCL’s mines and plants are spread across five operating Units, one each in the States of Rajasthan, Madhya Pradesh, Jharkhand, Maharashtra, and Gujarat. HCL has mining capacity of 12.2 MTPA. Metal in concentrate production of HCL in FY 2019-20 was 26,502 tonnes.As a responsible corporate citizen, Hindustan Copper Limited has contributed Rs 22 Lakh to the PM Cares Fund. HCL’s plant in Madhya Pradesh, has provided 10 Oxygen Concentrators to the COVID Centre at Kendatola to help the State Administration combat the shortage of Oxygen and record surge of cases. HCL has donated oxygen-filled cylinders with flow meter, tubes, and masks along with pulse oximeters. A 30-bedded COVID Care Centre with oxygen support has been established for employees and the local population at Indian Copper Complex, HCL’s Unit in Ghatsila, Jharkhand. HCL has spent Rs 345 Lakh in CSR Activities for FY 2020.Their shareholding pattern include Promoters having 76.05% shares, FIIs having 0.71% shares, DIIs having 12.66% shares and Public having 10.58%.For the quarter ended 31-03-2021, the company has reported a Consolidated Total Income of Rs 531.55 Crore, down 2.7% from last quarter Total Income of Rs 546.68 Crore and up 219.30% from last year same quarter Total Income of Rs 166.47 Crore. Company has reported net loss after tax of Rs 36.82 Crore in latest quarter. The Board has recommended payment of dividend for financial year 2020-21 @ Re. 0.35 per share of the face value of Rs.5 each for the FY 21.The result of Hindustan Copper Limited is competent.
