Hindustan Copper (HCL) has appointed South West Mining (SWML) as the Mine Devetoper cum Operator (MDO) for re-opening and expansion of Rakha Copper Mine, development of a new underground mine at Chapri and commissioning of a new concentrator plant for a period of 20 years, extendable by another 10 years. The mining operation in Rakha Mine was suspended since 2001 on account of unviable operations. The Mining Services Agreement was signed on 9 January 2025 between HCL and SWML at Ranchi. Powered by Capital Market - Live News

Hindustan Copper announced that ICRA has revised the long term rating at ICRA AA+; Stable and short term rating at ICRA A1+ in respect of Rs 2,100 crore bank facilities of Hindustan Copper. Further, ICRA has revised the short term rating at ICRA A1+ for Rs 100 crore commercial paper of Hindustan Copper. Powered by Capital Market - Live News

Net profit of Hindustan Copper rose 67.50% to Rs 101.67 crore in the quarter ended September 2024 as against Rs 60.70 crore during the previous quarter ended September 2023. Sales rose 35.87% to Rs 518.19 crore in the quarter ended September 2024 as against Rs 381.40 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales518.19381.40 36 OPM %29.2931.77 - PBDT182.90128.23 43 PBT135.3282.64 64 NP101.6760.70 67 Powered by Capital Market - Live News

Hindustan Copper will hold a meeting of the Board of Directors of the Company on 11 November 2024Powered by Capital Market - Live News

Hindustan Copper announced that the Annual General Meeting (AGM) of the company will be held on 26 September 2024.Powered by Capital Market - Live News