Hindustan Copper Explained

Hindustan Copper Limited
Traded As:
Location City:Kolkata
Location Country:India
Locations:Mumbai, Delhi, Kolkata, Chennai, Bangalore and Ahmedabad
Key People:Arun Kumar Shukla[1] (wef.Jan 2020) (Chairman and Managing Director)
Industry:Mining
Owner:Ministry of Mines, Government of India

Hindustan Copper Ltd. is a central public sector undertaking under the ownership of the Ministry of Mines, Government of India. HCL is the only vertically integrated government-owned-copper producer in India engaged in a wide spectrum of activities ranging from mining, beneficiation, smelting, refining and continuous cast rod manufacturer.

HCL shares are listed at Mumbai, Delhi, Kolkata, Chennai, Ahmedabad exchanges.[2] On 31 July 2015, the Government of India announced a 15% stake sale in Hindustan Copper Limited, reducing its stake from 89.5% to 74.5%.[3]

Origin

Hindustan Copper Ltd. (HCL)[4] was incorporated on 9 November 1967 to take over the plants and mines at Khetri, Kolihan in Rajasthan and Rakha Copper Project in Jharkhand from National Mineral Development Corporation. The central office is located at Kolkata which is the capital of the West Bengal state in India.

In 1972 Indian Copper Corporation Limited, Private Sector Company, located at Ghatsila, Jharkhand with Smelter and Refinery was Nationalized and made part of HCL. Hindustan Copper Limited developed Malanjkhand Copper Project in Madhya Pradesh, the largest hard rock Open pit mine in the country which was dedicated to the nation on 12 November 1982. Further in 1990 a Continuous Cast Wire Rod plant of South Wire Technology was commissioned at Taloja in Maharashtra.

Services

HCL also produces gold, silver, nickel sulphate, selenium, tellurium and fertiliser as by products. It is the first Indian Copper Producer to be accredited with ISO 9002 certification for Continuous Cast Rod Manufacturer at its Taloja Plant and for manufacture of cathode at its refineries both at Indian Copper Complex, Ghatsila, Jharkhand and Khetri Copper Complex, Khetri, Rajasthan

Hindustan Copper Limited is engaged in mining and smelting of copper, having its production facilities and offices at various locations across the country. On 29 June 2012, CMD of the company said that construction of a smelting refinery at Visakhapatnam with an annual capacity of 600,000 tonne at a cost of ₹20 billion is under consideration.[5]

Units

Khetri Copper Complex

Indian Copper Complex

Malanjkhand Copper Project

The open pit mine has reached ultimate pit depth and further it's not economically viable to exploit the mineral with open pit mining, Hence the mine is being converted to underground mines with enhanced capacity of 5 million tonnes with an investment to the tune of 2000 crores.

Taloja Copper Project

External links

Notes and References

  1. News: Arun Kumar Shukla takes charge as CMD of Hindustan Copper. The Economic Times. Mazumdar. Rakhi. 23 June 2020. 22 February 2021. https://web.archive.org/web/20210222135608/https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/arun-kumar-shukla-takes-charge-as-cmd-of-hindustan-copper/articleshow/73056886.cms?from=mdr. live.
  2. http://www.business-standard.com/stockpage/stock_details.php?bs_code=641
  3. Web site: Govt to sell 15% stake in Hindustan Copper. 31 July 2015.
  4. http://hindustancopper.nic.in/
  5. News: Hindustan Copper Ltd mulls Rs 2,000-crore smelting refinery in Vizag . 30 June 2012 . The Times of India . 30 June 2012 . 30 April 2023 . https://web.archive.org/web/20230430045824/https://economictimes.indiatimes.com/news/news-by-industry/indl-goods/svs/steel/hindustan-copper-ltd-mulls-rs-2000-crore-smelting-refinery-in-vizag/articleshow/14506484.cms . live .
  6. http://www.google.co.in/#q=hindustan+copper+limited+taloja&hl=en&start=10&sa=N&fp=bb2915c837296071