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Hindustan Copper surges on resuming mining operation of Surda Mine

23 Aug 2017 Evaluate

Hindustan Copper is currently trading at Rs. 62.20, up by 1.15 points or 1.88% from its previous closing of Rs. 61.05 on the BSE.

The scrip opened at Rs. 60.50 and has touched a high and low of Rs. 63.00 and Rs. 60.50 respectively. So far 88637 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 74.70 on 27-Jul-2017 and a 52 week low of Rs. 50.10 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 64.40 and Rs. 60.95 respectively. The current market cap of the company is Rs. 5787.24 crore.

The promoters holding in the company stood at 82.88%, while institutions and non-institutions held 13.43% and 3.69% respectively.

Hindustan Copper has restarted mining operation of Surda Mine located at Ghatsila, Jharkhand with effect from August 21, 2017. Surda mine has the capacity to produce 4 lakh tonne of copper ore annually.

Earlier, the operation of Surda mine was stopped after India Resources (IRL), Special Purpose Vehicle (SPV) of Eastern Goldfields (EGL), has unilaterally terminated the operation and maintenance of Surda mine contract with effect from June 2, 2017.

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

569.60 5.90 (1.05%)
17-Apr-2026 16:59 View Price Chart
Peers
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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