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Hindustan Copper eyeing 25% growth in ore production in FY20

28 May 2019 Evaluate

Hindustan Copper is eyeing a 25% growth in ore production to 51.5 lakh tonne in fiscal 2019-20. The company has set a revenue from operations target of Rs 2,000 crore, and capex of Rs 600 crore -- mainly for mine expansion projects.

The company has also signed a memorandum of understanding with the Ministry of Mines, outlining the performance targets for this fiscal -- raising copper ore production to 51.5 lakh tonne from 41.22 lakh tonne in 2018-19.

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 938.80
Vedanta 253.40
Hindustan Zinc 559.20
Jain Resource Recycl 288.25
CMR Green Tech 223.90
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