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Vedanta to invest Rs 3,000 crore to double copper capacity

Vedanta to invest Rs 3,000 crore to double copper capacity

Mining conglomerate Vedanta will invest up to Rs 3,000 crore in copper operations to double the capacity to 8 lakh tonnes by 2019, making the firm India's largest producer of the

Avijit Ghosh ceases to be Director in Hindustan Copper

Ghosh has been in the post since June 1, 2010.

Hind Copper share sale fully subscribed, govt gets Rs 260 cr

The government garnered Rs 260 crore from stake sales of Hindustan Copper which got over- subscribed by 1.14 times of the shares on offer Wednesday.

Hindustan Copper stake sale Wednesday, base price is Rs 70/share

The base price for government's 4.01 percent stake sale in Hindustan Copper Wednesday has been fixed at Rs 70 apiece which will garner a minimum of Rs 260 crore to the exchequer.

EGoM to decide on Hindustan Copper stake sale on Tuesday

"The meeting of the EGoM on disinvestment is scheduled to meet on July 2," an official said, adding that the stake sale would happen the day after.

Sujata Prasad is new director on Hindustan Copper board

Hindustan Copper on Thursday said Sujata Prasad, who is the Joint Secretary and Financial Adviser with the Mines Ministry, has been appointed as a part-time official Director on the board of the PSU firm.

Hind Copper eyes better margin, Rs 273-cr net profit in FY'14

Hoping for higher margins, Hindustan Copper expects to better its net profit this fiscal at Rs 273.05 crore on the back of Rs 1,651 crore gross sales.

Hind Copper to invest Rs 533-cr in Khetri Copper Complex

Rajasthan-based KCC's production had come down to one MT in 2011-12 from 1.5 MT in 2008-09, but its production cost was on the rise.

Hindustan Copper Q3 net down 4.17% at Rs 75.84 crore

Hindustan Copper on Tuesday reported a 4.17 percent decline in its net profit at Rs 75.84 crore for the quarter ended December 31, 2012 as it was hit hard by nearly 10 percent slump in sales.

Hindustan Copper hikes product prices by over 3% for Jan

The company has also increased prices of its other products like CC Rod of 11 mm length by over 3 percent for January, the circular said.

Hindustan Copper net profit down 21% during Apr-Nov

State-owned Hindustan Copper's net profit during the April-November period of the current fiscal dipped by over 21.5 percent to Rs 110.35 crore on account of subdued prices globally.

Disinvestment: Finally some light at the end of tunnel

The pipeline for disinvestment is quite long and includes over 10 blue chip companies such as NTPC, BHEL, Sail, MMTC and Oil India.

Hindustan Copper failed to perform on all fronts: Par Panel

"The only conclusion that the Committee can draw was that HCL has failed to perform on all fronts," the panel on Coal and Steel, headed by Kalyan Banerjee, said in its report tabled in the Lok Sabha on Monday.

BSE lowers stock circuit limit for Hindustan Copper

The government on Friday sold 5.58 percent stake in Hindustan Copper for about Rs 808 crore at an average price of Rs 156.56 apiece.

Hindustan Copper shares tank 20% after stake sale

Shares of Hindustan Copper Monday plunged 20 percent to hit its lower circuit limit for the second consecutive day after government's stake sale.

Hind Copper stake sale receives bids worth Rs 603 crore

A total of 3,89,12,793 shares, worth Rs 603.14 crore, were bid for at the close of trading hours, according to data available from the stock exchanges.

Hindustan Copper sale price fixed at Rs 155/share; issue opens Friday

The government has set Rs 155 as the floor price for sale of four percent stake in Hindustan Copper (HCL), hoping to garner at least Rs 573.63 crore from the maiden disinvestment so far in the current fiscal.

Hindustan Copper soars over 15% on stake sale plan

Shares of Hindustan Copper surged by over 15 percent on the bourses in early trade Thursaday after the government yesterday announced plans to divest 4 percent equity in the company.

Govt to offload 4% equity in HCL on Friday

Starting its Rs 30,000-crore disinvestment process for the current fiscal, the government Wednesday decided to offload four percent stake in Hindustan Copper (HCL) through the offer for sale route on Friday.

FinMin expects Rs 12,000 cr from PSU disinvestment by Dec

The Finance Ministry on Wednesday said it is planning stake sale of three PSUs-- Hindustan Copper, NMDC and Oil India -- by end December which will fetch Rs 12,000 crore to the exchequer.