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.