Hindustan Copper

Summary

Hindustan Copper Ltd. (BSE: 513599, NSE: HINDCOPPER) is a Government-owned corporation in the Central Public Sector Enterprise under the Ministry of Mines (India), Government of India. HCL is the only vertically integrated copper producer in India engaged in a wide spectrum of activities ranging from Mining, Beneficiation, Smelting, Refining and Continuous Cast Rod manufacturer.

Hindustan Copper Limited
BSE: 513599
NSE: HINDCOPPER
IndustryMining
Founded9 November 1967 (1967-11-09)
Headquarters
Kolkata
,
India
Number of locations
Mumbai, Delhi, Kolkata, Chennai, Bangalore and Ahmedabad
Key people
Arun Kumar Shukla[1] (wef. Jan 2020) (Chairman and MD)
OwnerGovernment of India (74.5%)
Websitehindustancopper.com

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]

OriginEdit

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.

ServicesEdit

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]

UnitsEdit

Khetri Copper ComplexEdit

Located in the state of Rajasthan, 180 km (110 mi) from Delhi

  • Capacity - 31,000 tpa copper cathode (the smelter and acid plant at KCC are under shutdown since late 2008 due to the slump in global commodity prices witnessed in 2008 and old machinery. Currently, only concentrator for production of copper concentrate is working in addition to associated mines.)
  • By-products- sulphuric acid
  • Mines - Khetri and Kolihan (producing 9,500 mt metal in concentrate / annum)
  • Reserve
    • Khetri 34.56 million tonnes @ 1.13% cu
    • Kolihan 22.45 million tonnes @ 1.33% cu
    • Banwas 24.97 million tonnes @ 1.69% cu

Indian Copper ComplexEdit

Located in the state of Jharkhand

Malanjkhand Copper ProjectEdit

Located in Madhya Pradesh 200 km (120 mi) from Jabalpur, 170 km (110 mi) from Raipur

  • Capacity open cast mine with a capacity of 2 million tonnes with matching concentrator
  • Mines - Malanjkhand Open-pit mining
  • Reserve 208.030 million tonnes @1.3% cu
  • Features of the open pit mine
    • length 2600 meter
    • Width 700 meter
    • Planned depth: 240 meter below average ground level

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 ProjectEdit

Located in the state of Maharashtra, district-Raigad, 60 km (37 mi) from Mumbai

  • Capacity 60,000 tpa continuous cast copper rod - hindcop rods[6]
  • Technology plant is based on the latest 'southwire technology'
  • Product range 8 mm, 11 mm, 12.5 mm, 16 mm and 19 mm cc rod

ReferencesEdit

  1. ^ Mazumdar, Rakhi. "Arun Kumar Shukla takes charge as CMD of Hindustan Copper". The Economic Times.
  2. ^ [1] Hindustan Copper Ltd, BSE January 2012, Source Business Standard
  3. ^ "Govt to sell 15% stake in Hindustan Copper". 31 July 2015.
  4. ^ [2] Hindustan Copper Limited Official Website
  5. ^ "Hindustan Copper Ltd mulls Rs 2,000-crore smelting refinery in Vizag". The Times of India. 30 June 2012.
  6. ^ [3] Taloja Copper Project of Hindustan Copper Ltd. installed capacity of 60,000 tonnes.

External linksEdit

  • Official website
  • Divestment of Hindustan Copper Ltd in coming fiscal-Source-Economic Times
  • Latest Recruitment Notification
  • Hindustan Copper Ltd. News-Source Google Finance
  • Hindustan Copper sees stake sale OK next week-Source-2 Jun 2010, Reuters