MoneyWorks4Me

Hindustan Copper inks MoU to explore possibility of forming JVC

19 Sep 2017 Evaluate

Hindustan Copper has inked a MoU with National Aluminium Company (Nalco) and Mineral Exploration Corporation at Bhubaneswar on September 18, 2017, to explore the possibility of forming a Joint Venture Company (JVC). The MoU is to indentify, explore, acquire, develop, process, primarily strategic minerals overseas and sale of these materials in India and any other countries for commercial use. The MoU also envisage supplying these strategic minerals to India to meet the domestic requirement due to its non-availability in the country and giving a big push to ‘Make in India’.

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.


Peers
Company Name CMP
Hindalco Industries 942.30
Vedanta 258.90
Hindustan Zinc 565.30
Jain Resource Recycl 292.60
CMR Green Tech 225.00
View more..