Hindustan Copper is currently trading at Rs. 72.45, up by 1.05 points or 1.47% from its previous closing of Rs. 71.40 on the BSE.
The scrip opened at Rs. 73.95 and has touched a high and low of Rs. 74.10 and Rs. 72.20 respectively. So far 211986 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. 62.00 on 18-Mar-2014.
Last one week high and low of the scrip stood at Rs. 76.70 and Rs. 70.75 respectively. The current market cap of the company is Rs. 6689.33 crore.
The promoters holding in the company stood at 89.95% while Institutions and Non-Institutions held 7.42% and 2.63% respectively.
Hindustan Copper (HCL) is planning to raise Rs 800 crore through private placement debt instruments. The debt fund would principally be used to part finance the company’s proposed underground mining project in Malajkhand in Madhya Pradesh. The project is to ramp up production capacity of Malanjkhand mine from present 3 million tonnes (mt) a year to 5 mt by developing an underground mine below the existing open cast mine at an estimated cost of Rs. 1,856.74 crore.
Further, the company has taken up underground Surda mine expansion plan. This envisages increase in the depth of the mine and enhancement of production capacity from 0.4 mt to 0.9 mt. The contract for shaft sinking and allied mine development has been awarded to one of bidders in 2011.
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.
| Company Name | CMP |
|---|---|
| Hindalco | 1038.95 |
| Vedanta | 787.60 |
| Hindustan Zinc | 592.35 |
| Jain Resource Recycl | 420.90 |
| Gravita India | 1639.80 |
| View more.. | |
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