MoneyWorks4Me

Hindustan Copper to raise up to Rs 1,400 crore through QIP

01 Feb 2018 Evaluate

Hindustan Copper has received an approval to raise up to Rs 1,400 crore by issuing equity shares through Qualified Institutional Placement (QIP). The Board of Directors at its meeting today held on January 31, 2018 has approved for the same.

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..