Hindustan Copper (HCL) has received Securities and Exchange Board of India’s (SEBI’s) approval to raise capital by issue of equity shares to the extent of 10% of the present paid up equity capital of the company by utilizing QIP as a method on December 15, 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.