Hindustan Copper trades jubilantly on reopening Kendadih Copper Mine at Jharkhand

13 Dec 2017 Evaluate

Hindustan Copper is currently trading at Rs. 95.75, up by 6.60 points or 7.40% from its previous closing of Rs. 89.15 on the BSE.

The scrip opened at Rs. 90.45 and has touched a high and low of Rs. 96.60 and Rs. 89.70 respectively. So far 1154928 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 110.55 on 07-Nov-2017 and a 52 week low of Rs. 55.45 on 04-Oct-2017.

Last one week high and low of the scrip stood at Rs. 96.60 and Rs. 87.75 respectively. The current market cap of the company is Rs. 8734.06 crore.

The promoters holding in the company stood at 76.05%, while institutions and non-institutions held 18.36% and 5.58% respectively.

Hindustan Copper has re-opened the Kendadih Copper Mine located at Ghatsila, Jharkhand on November 11, 2017. This is pursuant to obtaining all the statutory clearances like Environment and Forest clearances including execution of mining lease deed from Central and State Governments.

Besides, the company after completing de-watering activity and installation and commissioning of the entire mining infrastructure has started mining activities. On November 11, 2017 at Kendadih a formal inauguration of the reopening of the mine was held.

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

375.65 -7.30 (-1.91%)
23-May-2024 12:29 View Price Chart
Peers
Company Name CMP
Hindalco 671.15
Vedanta 468.25
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Gravita India 1039.20
Ram Ratna Wires 384.55
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