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Hindustan Copper, MOIL ink MoU to create long term business synergy

24 Apr 2018 Evaluate

Hindustan Copper has signed a Memorandum of Understanding (MoU) with MOIL with an objective to create long term business synergy for both Central Public Sector Enterprises (CPSEs). In terms of the MoU signed, MOIL will procure its entire requirement of Silica Sand from HCL’s unit located at Malanjkhand, Balaghat district in state of Madhya Pradesh.

High grade Silica Sand is outcome of the beneficiation of copper ore tails, a waste generated during copper beneficiation process at Malanjkhand.

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
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