Key Developments: Hindustan Copper Ltd (HCPR.NS)

HCPR.NS on National Stock Exchange of India

30 Jan 2015
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Latest Key Developments (Source: Significant Developments)

India Resources Limited updates on surda stop work notice by Hindustan Copper Ltd
Thursday, 25 Sep 2014 09:00pm EDT 

India Resources Limited:Provides the update on the Stop Work Notice issued by Hindustan Copper Limited (HCL) for the Surda copper mine.HCL, as owner of the Surda mine and process plant, filed a Writ Petition in the Ranchi High Court on sept. 16, 2014 requesting a stay of the order issued by the Government of Jharkhand to cease non-essential operations at the Surda mine.HCL had no option but to obey the order issued by the Government of Jharkhand and to instruct IRL, as mine manager and operator, to cease mining operations.Says HCL has requested the Ranchi High Court to use its evident authority to stay the order.And to grant HCL twelve months in which to complete formal re-application documents and to obtain the necessary government approvals for a new mining lease for the Surda mine area.As an affected party, IRL has filed an Interlocutory Application seeking an intervention by the Court in support of the writ filed by HCL.The Writ Petition and the Interlocutory Application have been admitted by the Court and the matter is expected to be heard in the near future.  Full Article

Hindustan Copper Ltd announces dividend payment date
Friday, 19 Sep 2014 08:15am EDT 

Hindustan Copper Ltd:Says the date of payment of dividend is Oct. 16.  Full Article

Hindustan Copper Ltd recommends dividend
Saturday, 24 May 2014 03:49am EDT 

Hindustan Copper Ltd:Recommends payment of 20 pct dividend that is 1.00 Indian rupees per share for the financial year 2013-2014.  Full Article

Hindustan Copper Ltd Announces Dividend Payment Date
Friday, 20 Sep 2013 06:35am EDT 

Hindustan Copper Ltd announced that shareholders of the Company in the 46th Annual General Meeting (AGM) held on September 20, 2013, have approved payment of dividend as recommended by the Board. The date of payment of 20% dividend (that is INR1 per share) is October 17, 2013.  Full Article

India Sells 4.01% Stake In Hindustan Copper Ltd-DJ
Wednesday, 3 Jul 2013 07:43am EDT 

Dow Jones reported that India's government sold a 4.01% stake in Hindustan Copper Ltd in a deal mainly aimed at meeting a rule that requires state-run listed companies to have at least a 10% public shareholding. The government, which held a 94.01% stake in Hindustan Copper, offered to sell 37.1 million shares at INR 70. It received bids for 43.81 million shares at an average price of INR 70, raising about 2.60 billion ($43.1 million). The share sale is also part of the government's efforts to raise 400 billion rupees by selling stakes in several state-run companies in the current fiscal year through March.  Full Article

Hindustan Copper Ltd Recommends Dividend
Thursday, 23 May 2013 08:17am EDT 

Hindustan Copper Ltd announced that the Board of Directors of the Company has recommended for payment of 20% dividend i.e. INR1 per share for the financial year 2012-13 for approval of shareholders in the Annual General Meeting (AGM).  Full Article

Hindustan Copper Ltd Cessation Of Finance Director
Thursday, 28 Feb 2013 01:56am EST 

Hindustan Copper Ltd announced that Shri K. K. Saberwal ceased to Finance Director of the Company at the close of working hours on February 25, 2013 after acceptance of his resignation by the Ministry of Mines, Govt. of India vide letter dated February 22, 2013.  Full Article

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