Hindustan Copper Ltd Pays Rs. 74.20 Crore

Oct 28, 2022 | Business


Hindustan Copper Ltd, a Miniratna Category-I PSU (Schedule A), under the Ministry of Mines, has paid today  a dividend of Rs.74.20 crore to the Government of India for FY 2021-22 being 30.01 % of Profit After Tax (PAT) in compliance of DIPAM guidelines. This is equivalent to 23.20% of equity share capital. Earlier, the dividend was approved by the shareholders of the Company at 55th Annual General Meeting held in September this year. Total dividend pay-out to all shareholders is Rs.112.17 crore. The dividend per share is the highest ever declared by the Company.


During FY 2021-22, the Company achieved the highest ever net turnover of Rs.1812 crore and Profit Before Tax of Rs.381.76 crore. The Company is currently implementing its mine expansion plan to achieve 12.2 million tonnes per annum ore production. 


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AKN/RKP




(Release ID: 1870988)
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Hindustan Copper Ltd. Posts Rs 61.34 Crore Profit Before Tax in First Quarter of Fiscal 2021-22

Aug 9, 2021 | Business

The Board of Hindustan Copper Ltd. (HCL), in its meeting held today in Kolkata, has approved the financial results of the first quarter of Financial Year 2021-22. The Company has posted  Profit Before Tax of Rs 61.34 crore during the first quarter this year compared to Rs 24.79 crore  in the corresponding period of the previous year, registering an increase of 147 per cent.

Hindustan Copper Limited (HCL) is a Public Sector Undertaking under  the Ministry of Mines. Incorporated in November 1967, HCL is a ‘Miniratna- Category I” Company with five manufacturing units. It has the distinction of being the nation’s only vertically integrated company encompassing facilities of mining, beneficiation, smelting, refining and casting of refined Copper metal.

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SS/RKP

(Release ID: 1743609)
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