MINISTRY OF MINES

dr-honnareddy-appointed-ps-to-prahlad-v-joshi

Dr Honnareddy appointed PS to Prahlad V Joshi

Dr Honnareddy N (IFoS:2008:TR) was on Wednesday appointed as Private Secretary to Prahlad V Joshi in the Ministry of Mines for a period ending 31.08.2021. Presently he is Joint Commissioner, Kendriya Vidyala Samiti under the Department of Education & Literacy. Prahlad V Joshi is Union Minister for Parliamentary Affairs, Coal and Mines.

11 Sep 2019
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
dr-honnareddy-appointed-ps-to-prahlad-v-joshi

Dr Honnareddy appointed PS to Prahlad V Joshi

By IndianMandarins 11 Sep 2019

Dr Honnareddy N (IFoS:2008:TR) was on Wednesday appointed as Private Secretary to Prahlad V Joshi in the Ministry of Mines for a period ending 31.08.2021. Presently he is Joint Commissioner, Kendriya Vidyala Samiti under the Department of Education & Literacy. Prahlad V Joshi is Union Minister for Parliamentary Affairs, Coal and Mines.

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.

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.

ahmed-appointed-as-ds,-m/o-mines

Ahmed appointed as DS, M/o Mines

By IndianMandarins 15 May 2019

Mushtaq Ahmed (IDAS:2006) was on Tuesday appointed to the post of Deputy Secretary in the Ministry of Mines for a period of four years.

kutty-is-also-secretary,-m/o-mines

Kutty is also Secretary, M/o Mines

By IndianMandarins 14 May 2019

Dr M M Kutty (IAS:1985:UT), Union Secretary for Petroleum & Natural Gas, was on Monday given the additional charge of the post of Secretary, Ministry of Mines during the absence of Anil Gopishankar Mukim (IAS:1985:GJ) from 13.05.2019 to 24.05.2019. 

pathak-given-addl-charge-of-cvo,-nalco

Pathak given addl charge of CVO, NALCO

By IndianMandarins 10 Mar 2019

Bipul Pathak (IAS:1992:JK) was, on Monday, given additional charge of the post of Chief Vigilance Officer (CVO), National Aluminium Company Limited (NALCO) for a period of six months. Presently, Pathak is Joint Secretary in the Ministry of Mines.   

verma-appointed-director,-m/o-mines

Verma appointed Director, M/o Mines

By IndianMandarins 04 Feb 2019

Sanjeev Verma (IRSS:2003) was, on Monday, appointed to the post of Director in Ministry of Mines for a period of five years.

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