Hindustan Copper Limited (HCL), was incorporated on 9th November 1967, under the Companies Act, 1956. It was established as a Govt. of India Enterprise to take over all plants, projects, schemes and studies pertaining to the exploration and exploitation of copper deposits, including smelting and refining from National Mineral Development Corporation Ltd. The Government of India nationalized the only copper producing company in the private sector, Indian Copper Corporation Ltd. at Ghatsila in Jharkhand in March, 1972 and handed over its management and ownership to Hindustan Copper Limited. The Smelter Plant at Khetri Copper Complex (KCC) in Rajasthan with capacity of 31000 tonnes was dedicated to the nation on 5th February, 1975. In November, 1982, Malanjkhand Copper Project (MCP) comprising of a large and fully mechanized open pit mine and Concentrator plant was dedicated to the nation. The Continuous Cast Copper Rod Plant at Taloja Copper Project (TCP of Hindustan Copper Limited was commissioned in December, 1989 with an installed capacity of 60,000 tonnes. The Company has selected Southwire SCR-2000 technology for the plant and using natural gas as fuel.
Highlights of 2011-12
- Miniratna (Category-1) status company
- The Company has paid dividend to its shareholders at the rate of 20% of the equity holding.
- HCL is a Zero debt Company.
- Profit After Tax for financial year 2012-13 of Rs 355.64 crore was best ever since inception
- Ore production of 36.57 lakh tonne in 2012-13 was highest in last 13 years.
- HCL was awarded “50 Most Caring Companies of India" in the World CSR Congress 2013 held in Mumbai on February 18, on World CSR Day.
- Rolling out 08 Mine Expansion Projects to quadrupled mine capacity from 3.2 million tonnes to 12.4 million tonnes per annum in the next five years. The Company has obtained Environment Clearance for Malanjkhand Underground Mine project from Ministry of Environment & Forests, Govt. of India in June 2013.