Hindustan Copper pays Dividend to GoI
On September 19, 2014 the shareholders of Hindustan Copper limited (HCL) declared dividend at the rate of 20 per cent on equity i.e. Re 1/- per share of Rs.5/- face value for the year 2013-14 in the 47th Annual General Meeting. Govt. of India holding in the Company is 89.95 per cent of the total paid up equity.
In the financial year 2013-14, Hindustan Copper Limited has achieved Profit Before Tax of Rs 430.65 crore which is 6.7 per cent higher compared to the previous year. During the year 2013-14, production of copper ore of the Company was best in last 15 years and sales were 18 per cent higher than the previous year. HCL is paying dividend continuously to the Govt. of India since 2010-11.
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