Hindustan Copper has received an approval for raising of funds through issue of equity shares through Qualified Institutional Placement (QIP) method for an amount not exceeding Rs 1,400 crore. The board of directors of the company at their meeting held on April 25, 2019, approved 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.