Hindustan Copper trades higher on the BSE
Hindustan Copper is currently trading at Rs. 240.00, up by 4.80 points or 2.04% from its previous closing of Rs. 235.20 on the BSE.
The scrip opened at Rs. 236.40 and has touched a high and low of Rs. 241.20 and Rs. 230.25 respectively. So far 87018 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 415.60 on 22-May-2024 and a 52 week low of Rs. 230.25 on 10-Jan-2024.
Last one week high and low of the scrip stood at Rs. 249.95 and Rs. 230.25 respectively. The current market cap of the company is Rs. 23111.87 crore.
The promoters holding in the company stood at 66.14%, while Institutions and Non-Institutions held 12.55% and 21.32% respectively.
Hindustan Copper (HCL) has appointed M/s South West Mining (SWML) as the Mine Developer cum Operator (MDO) for reopening and expansion of Rakha Copper Mine, development of a new underground mine at Chapri and commissioning of a new concentrator plant for a period of 20 years, extendable by another 10 years. The mining operation in Rakha Mine was suspended since 2001 on account of unviable operations. The Mining Services Agreement was signed on January 9, 2025 between HCL and SWML at Ranchi.
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.