Hindustan Copper gains on plan to form joint venture to enter downstream market

Hindustan Copper Ltd. | Metal - Non Ferrous | Metals & Mining | BSE: 513599 | NSE: HINDCOPPER

22 Sep 2014 Evaluate

Hindustan Copper is currently trading at Rs. 88.45, up by 0.10 points or 0.11% from its previous closing of Rs. 88.35 on the BSE.

The scrip opened at Rs. 87.50 and has touched a high and low of Rs. 89.35 and Rs. 87.30 respectively. So far 29874 shares were traded on the counter.

The BSE group 'A ' stock of face value Rs. 5 has touched a 52 week high of Rs. 125.00 on 11-Jun-2014 and a 52 week low of Rs. 57.75 on 03-Mar-2014.

Last one week high and low of the scrip stood at Rs. 92.50 and Rs. 86.20 respectively. The current market cap of the company is Rs. 8206.68 crore.

The promoters holding in the company stood at 89.95% while Institutions and Non-Institutions held 7.49% and 2.56% respectively.

Hindustan Copper is planning to form a joint venture with a private partner for value addition to the product in order to enter downstream market. The deal is in the final stage and would be approved in the next board meeting in November. A separate manufacturing unit will have a conversion capacity of 10,000 tonne per year.

Beside this the company has also formed a joint venture with Chattisgarh Mining Development Corporation (CMDC), a unit owned by the Chattisgarh government for exploration of copper deposits in the state.

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.

Hindustan Copper Share Price

563.80 -9.20 (-1.61%)

12-May-2026 16:01 View Price Chart

Peers

Company Name	CMP
Hindalco	1042.00
Vedanta	305.00
Hindustan Zinc	641.55
Jain Resource Recycl	541.80
Gravita India	1700.10
View more..

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