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24-May2018

Hindustan Copper moves up on the BSE

Hindustan Copper is currently trading at Rs. 70.50, up by 0.30 points or 0.43% from its previous closing of Rs. 70.20 on the BSE.

The scrip opened at Rs. 70.70 and has touched a high and low of Rs. 71.65 and Rs. 70.35 respectively. So far 61883 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 110.55 on 07-Nov-2017 and a 52 week low of Rs. 55.45 on 04-Oct-2017.

Last one week high and low of the scrip stood at Rs. 73.80 and Rs. 67.35 respectively. The current market cap of the company is Rs. 6527.41 crore.

The promoters holding in the company stood at 76.05%, while Institutions and Non-Institutions held 14.60% and 9.36% respectively.

Hindustan Copper and Chhattisgarh Mineral Development Corporation (CMDC) have formed Joint Venture Company 'Chhattisgarh Copper' on May 21, 2018 for exploration, mining and beneficiation of copper and its associated minerals in the State of Chhattisgarh. The registered office of the JV Company is located in Bhilai, Chhattisgarh. Chhattisgarh Copper has become the subsidiary of Hindustan Copper and the shareholding pattern between Hindustan Copper and CMDC is in the ratio of 74%and 26%.

The number of Directors nominated by Hindustan Copper and CMDC is in the ratio of 3:2. With this milestone, Hindustan Copper has extended footprint of its operation in the sixth State and will commence its operations very soon there.

Hindustan Copper's principal activities include mining of copper ore, concentration of copper ore into copper concentrate through a beneficiation process and also smelting, refining and extruding of the copper concentrate into refined copper in downstream saleable products.


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