Hindustan Copper Restricted climbed on Monday, 18 Might, touching a day excessive of Rs 592.00 on BSE after the state-run copper miner posted a pointy soar in quarterly revenue and unveiled contemporary fundraising plans.
Web revenue for the March quarter greater than doubled to Rs 444.27 crore, in contrast with Rs 187.18 crore in the identical interval a yr earlier, a soar of over 137% year-on-year.
Income from operations rose 58% to Rs 1,156 crore throughout This fall FY26, up from Rs 731.40 crore in This fall FY25. For the total monetary yr, web revenue got here in at Rs 921 crore, practically double the Rs 369 crore reported in FY25.
Together with the outcomes, the board took two vital selections on the fundraising facet. It authorized elevating as much as Rs 500 crore by way of non-convertible debentures on a personal placement foundation.
Individually, it additionally cleared a Certified Institutional Placement of as much as 9.69 crore fairness shares to fund capital expenditure and enlargement plans beforehand authorised by the Cupboard Committee on Financial Affairs.
The board additionally advisable a closing dividend of Rs 1.86 per fairness share for FY26, topic to shareholder approval.
Hindustan Copper is the one vertically built-in copper ore mining firm in India, holding all lively copper mining leases within the nation. It operates as a central public sector enterprise below the Ministry of Mines.
At 12:57 pm on BSE, shares of the Kolkata-based miner had been buying and selling at Rs 579.50, up 1.60% from Friday’s shut of Rs 570.35. The inventory’s 52-week vary stretches from Rs 222.80 to Rs 759.20.
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