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HCL shares are listed at Mumbai, Delhi, Kolkata, Chennai, Ahmedabad exchanges.[3] 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%.[4]
Origin
Hindustan Copper Ltd. (HCL)[5] was incorporated on 09-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.
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 ₹20billion is under consideration.[6]
Units
Khetri Copper Complex
Located in the state of Rajasthan, 180km (110mi) 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.)
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.
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