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Hindustan Copper gets nod to form JV Company with MECL and NALCO

13 Nov 2017 Evaluate

Hindustan Copper (HCL) has obtained approval from its board of directors to form a joint venture (JV) company with Mineral Exploration Corporation (MECL) and NALCO. The JV would help in the formation of a joint working group, which would be empowered to deal with government-to-government (G2G) deals relating to sourcing of rare minerals. The JV would take shape of a new company, namely Khanij Bidesh India (KABIL), which will have an authorized and paid-up capital of Rs 100 crore and Rs 30 crore respectively.

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

556.55 23.35 (4.38%)
26-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco Industries 1058.00
Vedanta 286.65
Hindustan Zinc 627.00
Jain Resource Recycl 289.25
CMR Green Tech 218.75
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