Hindustan Copper is currently trading at Rs. 116.25, up by 0.75 points or 0.65% from its previous closing of Rs. 115.50 on the BSE.
The scrip opened at Rs. 115.55 and has touched a high and low of Rs. 119.40 and Rs. 115.40 respectively. So far 403543 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 146.35 on 10-Feb-2022 and a 52 week low of Rs. 81.20 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 119.40 and Rs. 109.65 respectively. The current market cap of the company is Rs. 11241.65 crore.
The promoters holding in the company stood at 66.14%, while Institutions and Non-Institutions held 17.27% and 16.59% respectively.
Hindustan Copper (HCL) has inked a Memorandum of Understanding (MoU) with Indian Institute of Technology (Indian School of Mines) (IIT-ISM), Dhanbad for collaborative and sponsored research projects. The first technical collaboration with IIT (ISM), Dhanbad, is a momentous occasion for HCL, the only copper miner in India, owning all the operating mining leases of copper ore in the nation.
The present MoU will address HCL’s need for technical assistance, guidance and consultancy work from IIT-ISM for enhancing copper ore production through modifying mining methods with application of state-of-the-art technologies, improvement of productivity and safety in mines, environmental clearance issues, various Hydrological & Hydro-geological studies and in areas of unconventional exploration methods like Geophysical exploration, Remote Sensing etc. for depth exploration of copper ore.
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.