HINDUSTAN COPPER LIMITED

hindustan-copper:-cmd-charts-out-priorities,-share-prices-jumps-up-by-19.78%

Hindustan Copper: CMD charts out priorities, share prices jumps up by 19.78%

On taking over as the Chairman and Managing Director of Hindustan Copper Limited, Arun Kumar Shukla conducted a meeting with the Unit Heads and Departmental Heads through Video Conferencing on 01.01.2020 advising all to stay focused on the production and sales targets and deadlines.

The need of the hour, Shukla said, is meticulous planning, both at the macro level to chart out the strategic moves and at the micro level to ensure timely implementation of the same. This is the time to tighten our seatbelts and put in our best efforts to take the Company to newer heights.

The share prices of the Company has jumped by 19.78% to a high of Rs 48.45 today from the previous day’s close of Rs 40.45.

 

01 Jan 2020
hindustan-copper:-a-k-shukla-takes-over-as-cmd

Hindustan Copper: A K Shukla takes over as CMD

Arun Kumar Shukla has taken over as Chairman and Managing Director of Hindustan Copper Limited on 01.01.2020. He had joined the Company as Director (Operations) on 01.10.2018. He replaces Santosh Sharma who retired on 31.12.2019.

Shukla is a Graduate (1985 batch) in Mining Engineer from Indian School of Mines, Dhanbad. He has dis his M. Tech. in Environmental Engineering and also obtained degree of Law (LLB). He possesses First Class Mines Managers’ Certificate.

He started his career from Central Coalfields Ltd and worked for more than 21 years. Later in October 2006 he joined NMDC Ltd. On deputation from NMDC, he served as MD of Jharkhand State Mineral Development Corporation Ltd. for about 2 years. He was also holding the charge of CEO of Joint Venture Companies of NMDC viz. NMDC-CMDC Ltd. and JNMDC Ltd. to start new mines in the state of Chhattisgarh and Jharkhand respectively. Prior to join Hindustan Copper Ltd., Shri Shukla was working as Executive Director in NMDC Ltd.

Shukla was conferred with the prestigious FIMI Golden Jubilee Award for Excellence (2016-17) and TATA STEEL Mining Sustainability Award (2017-18) for his significant contribution towards sustainable mining.

He is an active member of various professional bodies such as Institution of Engineers (India), Indian Institute of Metals, MGMI, MEAI, ISTD. He is also member of Board of Management of Indian Copper Development Centre. He has visited various countries like Australia, Europe, USA, Canada, North America and Africa as a member of technical delegations of the Government of India.

01 Jan 2020
hindustan-copper:-cmd-charts-out-priorities,-share-prices-jumps-up-by-19.78%

Hindustan Copper: CMD charts out priorities, share prices jumps up by 19.78%

By IndianMandarins 01 Jan 2020

On taking over as the Chairman and Managing Director of Hindustan Copper Limited, Arun Kumar Shukla conducted a meeting with the Unit Heads and Departmental Heads through Video Conferencing on 01.01.2020 advising all to stay focused on the production and sales targets and deadlines.

The need of the hour, Shukla said, is meticulous planning, both at the macro level to chart out the strategic moves and at the micro level to ensure timely implementation of the same. This is the time to tighten our seatbelts and put in our best efforts to take the Company to newer heights.

The share prices of the Company has jumped by 19.78% to a high of Rs 48.45 today from the previous day’s close of Rs 40.45.

 

hindustan-copper:-a-k-shukla-takes-over-as-cmd

Hindustan Copper: A K Shukla takes over as CMD

By IndianMandarins 01 Jan 2020

Arun Kumar Shukla has taken over as Chairman and Managing Director of Hindustan Copper Limited on 01.01.2020. He had joined the Company as Director (Operations) on 01.10.2018. He replaces Santosh Sharma who retired on 31.12.2019.

Shukla is a Graduate (1985 batch) in Mining Engineer from Indian School of Mines, Dhanbad. He has dis his M. Tech. in Environmental Engineering and also obtained degree of Law (LLB). He possesses First Class Mines Managers’ Certificate.

He started his career from Central Coalfields Ltd and worked for more than 21 years. Later in October 2006 he joined NMDC Ltd. On deputation from NMDC, he served as MD of Jharkhand State Mineral Development Corporation Ltd. for about 2 years. He was also holding the charge of CEO of Joint Venture Companies of NMDC viz. NMDC-CMDC Ltd. and JNMDC Ltd. to start new mines in the state of Chhattisgarh and Jharkhand respectively. Prior to join Hindustan Copper Ltd., Shri Shukla was working as Executive Director in NMDC Ltd.

Shukla was conferred with the prestigious FIMI Golden Jubilee Award for Excellence (2016-17) and TATA STEEL Mining Sustainability Award (2017-18) for his significant contribution towards sustainable mining.

He is an active member of various professional bodies such as Institution of Engineers (India), Indian Institute of Metals, MGMI, MEAI, ISTD. He is also member of Board of Management of Indian Copper Development Centre. He has visited various countries like Australia, Europe, USA, Canada, North America and Africa as a member of technical delegations of the Government of India.

hindustan-copper:-a-k-shukla-appointed-as-cmd

Hindustan Copper: A K Shukla appointed as CMD

By IndianMandarins 27 Nov 2019

The NaMo administration on Tuesday cleared the appointment of Arun Kumar Shukla as CMD, Hindustan Copper Limited (HCL) till the date of his superannuation i.e. 31 .07.2023. He will succeed Santosh Sharma, the outgoing CMD retiring December 31, 2019. Presently, Shukla is Director (Operations), HCL.

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07 Central PSUs & NIFT got new CVOs

By IndianMandarins 28 Oct 2019

The NaMo administration appointed Chief Vigilance Officers (CVO) in NIFT and 07 Central PSUs in last 04 days:

Sumeet Kumar Sinha (IRSS:1999), on Monday, appointed as CVO, Central Mine Planning & Design Institute Limited (CMPDIL), Ranchi for an initial period of 03 years.

Venkateswarlu Talluri (CPES:2001), on Monday, appointed as CVO, Hindustan Shipyard Limited (HSL), Visakhapatnam for an initial period of 03 years.

Ms Richa Gaharwar (IRS IT:2002) appointed as CVO, National Institute of Fashion Technology (NIFT), Delhi for a period ending 08.10.2021 i.e. combined period of 07 years.

Ms. Alpana Shukla Rao (ITS:1994) as CVO, Engineering Projects India Limited (EPIL), Delhi for a period ending 16.12.2021 i.e. combined period of 07 years. Presently, she is Director in the Department of Administrative Reforms & Public Grievances (DARPG).

K V V G Diwakar (IRS C&CE:1994) appointed as CVO, Mumbai Rail Vikas Corporation Limited (MRVC), Mumbai

Subrata Sarkar (IRSME:1991) appointed as CVO, Hindustan Copper Limited (HCL) for an initial period of 03 years.  

Ms. Arti Bhatnagar (IDAS:1990) appointed as CVO, Air India Ltd for a period ending 30.09.2021 i.e. for an initial period of 03 years. She will also hold the additional charge of Pawan Hans Limited (PHL) until the appointment of a regular incumbent.

Mukesh Kumar (ITS :1995) as CVO, RailTel Corporation India Limited (RCIL) for a period ending 31.03.2022. Presently he is Director in Central Vigilance Commission (CVC). 

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.

gail-&-hcl:-coincidences-of-non-extension

GAIL & HCL: Coincidences of non-extension

By IndianMandarins 31 Jul 2019

Having served as Director (Personnel) at Hindustan Copper Limited (HCL) for around ten years, Anupam Anand will have to leave the turf on August 04, 2019 as he was denied extension. Anand took over the charge on August 05, 2009. He still has eight months service before he retires on April 30, 2020.

One might call it a sheer coincidence that like Anupam Anand of HCL, Bhuwan Chandra Tripathy too has completed 10 years as GAIL CMD and will leave the turf six months ahead of attaining the superannuation age on January 31, 2020. 

hind-copper:-net-profit-for-fy-2018-19-jumps-83%

Hind Copper: Net profit for FY 2018-19 jumps 83%

By IndianMandarins 28 May 2019

The audited financial result of Hindustan Copper Limited (HCL) for the financial year 2018-19 was approved by its Board of Directors in the meeting held on May 28, 2019. The Net Profit for the financial year 2018-19 was Rs 145.74 crore with an increase of 83% over last year.

 

The Company’s Net Revenue from operations was Rs 1816.25 crore in 2018-19 which is best ever since its inception and is 9% higher than Rs 1670.48 crore last year. During the Q4, HCL has posted Profit Before Tax of Rs 74.63 crore compared with Rs 33.88 crore in Q4 of the corresponding period last year. The Company’s operations have posted significant increase in EBIDTA margin, during FY 19, the margin was 30% compared to 19% achieved in the last year. Operating Profit Margin during FY 19 was 14.19% compared to 6.23% achieved last year.

 

During the FY 2018-19, the Company achieved a robust physical performance. The Copper Ore production was 41.22 lakh tonne which is highest in last 21 years and 12% higher than last year’s 36.75 lakh tonne. The achievement of Ore production is in line with the production ramp-up plan of the Company to 200 lakh tonne.

 

Total Copper sales volume was 38,273 MT which is the highest in last 9 years and 5% higher than last year’s 36,435 MT. During 2018-19, the Company earned record foreign exchanges of Rs 842.67 crore as against Rs 340.69 crore during FY 2017-18 which is mainly due to increased export volume of Copper Concentrate. During the year, Capex was Rs 592.43 crore. The Malanjkhand underground mine project which is the flagship expansion project of the Company is progressing as per schedule. It is planned to commence production from the underground mine in FY 2019-20.

 

The Board of Directors has recommended payment of dividend @ 5.05% approx. on Net Worth, i.e. Re 0.52 per share on Rs. 5/- face value for the year 2018-19, for approval of shareholders in the Annual General Meeting.

hindustan-copper-signs-mou-for-fy-2019-20

Hindustan Copper signs MoU for FY 2019-20

By IndianMandarins 28 May 2019

Hindustan Copper Limited, a Mini Ratna-I CPSE, has signed a Memorandum of Understanding with the Ministry of Mines, Government of India, on Monday, outlining the performance targets  for the financial year 2019-20.

 

The MoU was signed between Anil Gopishankar Mukim (IAS), Secretary, Ministry of Mines, and Santosh Sharma, Chairman and Managing Director, HCL, in presence of Senior Officers of the Ministry.

 

For the financial year 2019-20, target of Copper ore production is 51.5 lakh tonne which is 25% higher than the last year’s achievement of 41.22 lakh tonne. The target of ore production is in line with the HCL’s production ramp-up plan to 200 lakh tonne. The target for revenue from operations has been set at Rs 2000.0 crore and Capex at Rs 600.0 crore to be spent mainly for mine expansion projects of HCL.

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Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.