HCL CMD

hcl-pays-dividend-for-2018-19,-highest-in-last-five-years

HCL pays dividend for 2018-19, highest in last five years

Union minister for mines Pralhad Joshi has received a dividend of Rs 36.59 crore on a share holding of 76.05% on behalf of the government from Santosh Sharma, CMD, HCL. Anil Mukim, Secretary (Mines) was also present on the occasion besides some senior HCL officials.

 

The total payout by HCL on account of dividend related to 2018-19 is Rs 58.00 crore consisting of dividend Rs 48.11 crore and dividend tax Rs 9.89 crore. This is the highest dividend paid by the company in the past five years. During 2018-19, the company recorded ore production of 41.22 lakh tonnes which was the highest ever in last 21 years.

10 Sep 2019
hcl-records-77%-pbt-growth

HCL records 77% PBT growth

Hindustan Copper recorded a 77% PBT growth in Q3FY19 over the corresponding quarter in FY18. This was despite high volatility in LME copper prices and high input cost, said Santosh Sharma, CMD.

The Net Revenue from operations during the quarter was Rs 1361.48 crore as compared to Rs 1288.96 crore in the same period of 2017-18. The EBITDA margin during April-December’18 was 28% compared to 17% during the corresponding period of the previous fiscal.


At the production front, the growth momentum has been maintained. During the period April to Dec ’18, Copper ore production has been 30.11 lakh tonne as against 26.08 lakh tonnes in the corresponding period last fiscal, thus registering a growth of 15%.

12 Feb 2019
hcl-pays-dividend-for-2018-19,-highest-in-last-five-years

HCL pays dividend for 2018-19, highest in last five years

By IndianMandarins 10 Sep 2019

Union minister for mines Pralhad Joshi has received a dividend of Rs 36.59 crore on a share holding of 76.05% on behalf of the government from Santosh Sharma, CMD, HCL. Anil Mukim, Secretary (Mines) was also present on the occasion besides some senior HCL officials.

 

The total payout by HCL on account of dividend related to 2018-19 is Rs 58.00 crore consisting of dividend Rs 48.11 crore and dividend tax Rs 9.89 crore. This is the highest dividend paid by the company in the past five years. During 2018-19, the company recorded ore production of 41.22 lakh tonnes which was the highest ever in last 21 years.

hcl-records-77%-pbt-growth

HCL records 77% PBT growth

By IndianMandarins 12 Feb 2019

Hindustan Copper recorded a 77% PBT growth in Q3FY19 over the corresponding quarter in FY18. This was despite high volatility in LME copper prices and high input cost, said Santosh Sharma, CMD.

The Net Revenue from operations during the quarter was Rs 1361.48 crore as compared to Rs 1288.96 crore in the same period of 2017-18. The EBITDA margin during April-December’18 was 28% compared to 17% during the corresponding period of the previous fiscal.


At the production front, the growth momentum has been maintained. During the period April to Dec ’18, Copper ore production has been 30.11 lakh tonne as against 26.08 lakh tonnes in the corresponding period last fiscal, thus registering a growth of 15%.

hindustan-copper’s-profit-increased-by-74%-in-h-1-fy-2018-19

Hindustan Copper’s profit increased by 74% in H-1 FY 2018-19

By IndianMandarins 13 Nov 2018

The Profit Before Tax of Hindustan Copper Limited (HCL) during H-1 period of FY 2018-2019 has increased to Rs 104.37 crore from Rs 60.03 crore in the corresponding period of the previous year, thus registering a growth of 74%. The Net Revenue from operations during H-1 of the current fiscal was Rs 887.26 crore as compared to Rs 858.26 crore in 2017-18 of the same period. The EBDITA margin during H-1 period of FY 2018-19 was 28% compared to 16% during corresponding period of the previous fiscal.

 

On the production front, the growth momentum has been maintained. During the period April to Sept 2018, Copper ore production was 19.49 lakh tonne as against 16.10 lakh tonne in the corresponding period of the last year, thus registering a growth of 19%.

 

In the financial results for the 2nd Quarter taken on record by the Board, HCL has achieved a net profit of Rs. 53.40 crore, as against Rs. 43.80 crore in the corresponding quarter of previous fiscal.

hcl-cmd-elaborates-expansion-plan-at-51st-agm

HCL CMD elaborates expansion plan at 51st AGM

By IndianMandarins 06 Oct 2018

While addressing 51st Annual General Meeting of Hindustan Copper Ltd, the CMD of HCL Santosh Sharma extended his gratitude to the shareholders. This AGM was held at Biswa Bangla Convention Centre, New Town, Kolkata. He said that despite difficult market situations that HCL braved during the fiscal year 2017-18, the Company posted better results as compared to last year. He extended his profound gratitude to all the shareholders for their trust and overwhelming support which is very important for the success of HCL.

 

In his maiden address to the shareholders, Santosh Sharma said that that EBITDA of the company during the FY 2017-18 was Rs 307.98 crore which is 25.5 per cent higher compared to the previous year, which was at Rs 245.46 crore. Profit Before Tax reflected 29 per cent increase in the fiscal year 2017-18 at Rs.121.69 crore against Rs.94.20 crore in 2016-17. The annual accounts of the year 2017-18 were adopted by the shareholders. Keeping in view the Capex and business expansion needs, dividend at the rate 5 per cent on equity was declared for the year 2017-18.

 

The CMD also informed that during fiscal year 2017-18, Kendadih mines at Jharkhand was reopened in December, 2017 and Banwas mine, a new mine at Khetri Copper Complex, Rajasthan was commissioned in June, 2017. During the current year, the Company expects significant progress in mine development activity with MDO for Banwas mine at Khetri, already appointed.

 

The CMD, while addressing the shareholders, also elaborated on the detailed growth strategy and expansion plan of HCL.

ccea-gives-wings-to-hcl’s-expansion-plan

CCEA gives wings to HCL’s expansion plan

By IndianMandarins 02 Aug 2018

The CCEA on August 01, 2018 gave its approval for the issuance of fresh equity of up to 15 per cent by state-owned Hindustan Copper Limited (HCL) that would reduce the govt shareholding to 66.13%. First, this move will enable the company to raise around Rs 901 crore which would be mobilised for its expansion plans. Secondly, it will help to comply with SEBI’s mandatory norm which suggests that a PSU should have a minimum public shareholding of 25 per cent. It may be mentioned in the new scenario Govt’s shareholding will come down from 76.05% to 66.13%. Further, the paid-up Share Capital of HCL will increase from the present Rs. 462.61 crore to Rs. 532.00 crore.

CMD Santosh Sharma, on August 02, addressed the media persons in a press conference in Lutyens Delhi and briefed that HCL will issue 138,782,700 equity shares of face value of Rs 5 to the extent of 15% of paid-up equity capital through qualified institutional placement (QIP) route. At the current market price, HCL can raise around Rs 900 crore through the proposed fresh equity issuance. In its expansion plan HCL is aiming at increasing its smelting capacity to 100,000 tonnes per annum from the existing 70,000 tonnes.

HCL, with a market cap of Rs 6,004.66 crore, is targeting a production level of around 1.90 lakh tonne of metal in copper concentrate, which will meet around 30% of the refined copper demand of the country. The proposed expansion plan would create employment opportunities for 9,300 persons approximately, the release further said.

 

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