In the metals industry, Hindustan Copper Limited is a mid-cap company with a market cap of Rs. 8,244 crores. Hindustan Copper Limited (HCL) has a Miniratna classification of CPSEs and the company is managed by the Ministry of Mines, Government of India. Copper concentrate, copper cathode, copper wire bar, continuous cast copper rod, and by-products such as anode slime (including gold, silver, etc.), copper sulfate, and sulfuric are all produced and marketed by the company. HCL’s mines and factories are spread across five operational units in the states of Rajasthan, Madhya Pradesh, Jharkhand, Maharashtra and Gujarat. recommended to increase 500 crore through issuance of debentures will soon be considered by the board of the company.
The Company in its BSE Exchange filing today said that “In accordance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is informed that a meeting of the Board of Directors of Hindustan Copper Limited (HCL) will be held on as on Thursday, the 30th June, 2022, inter alia, to authorize the Board of Directors to consider and recommend proposals seeking approval of the shareholders of the company. 5/- of a face value of Rs. 9,69, 76,680 equity shares of Rs.500 crore for offering, issuing and allotting (ii) secured or unsecured non-convertible debentures or bonds on private placement basis in one or more tranches.”
Hindustan Copper’s PBT for FY 2021-2022 up 338 percent 381.76 crores. 1812 crores at Rs., the company recorded its highest ever net turnover. For the quarter ended March 31, 2022, the firm reported a consolidated net profit of 88.95 crore as against a net loss of Rs. 36.81 crore last year. As compared to the same period last year, the firm reported net sales of 545.46 crore, above 522.24, and . total income of 561.47 crore, above 531.55 crore on the approval of the shareholders at the next Annual General Meeting (AGM) of the company, the Board has recommended payment of dividend for the financial year 2021–2022 at an amount of Rs. 1.16 with face value per share. 5 each which is the highest ever dividend per share declared by the company. The stock fell 0.29 percent from its previous close To settle at the market price of 85.45 on Friday 85.20. The stock is down 33.31 percent year-over-year (YTD) in 2022, and as of the most recent trade, it is trading below the 5-day, 20-day, 50-day, 100-day, and 200-day moving rates. Is. average.