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Hindustan Copper gets nod to raise borrowing limits to Rs 2,500 crore

28 May 2019 Evaluate

Hindustan Copper has received an approval for enhancement in the borrowing limit from existing Rs 1500 crore to Rs 2500 crore together with interest other than the temporary loans obtained by way of cash credit / working capital arrangements etc. The Board of Directors of the company at their meeting held on May 28, 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.

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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