Hindustan Copper pays Rs74.20 crore dividend to Govt of India for FY22

28 Oct 2022 , 09:15 AM

Hindustan Copper Limited, a Miniratna Category-I FSU (Schedule A) under the Ministry of Mines, Government of India, paid a dividend of Rs74.20 crore to the Government of India today in accordance with DIPAM Guidelines, representing 30.01% of Profit After Tax (PAT).

This equates to 23.20% of the equity share capital. Previously, the dividend was approved by the company’s shareholders at the 55$ Annual General Meeting on September 28, 2022. The total dividend paid to shareholders is Rs112.17 crore. The dividend per share is the highest the Company has ever declared.

The company achieved its highest-ever net turnover of Rs1812 crore and profit before tax of Rs381.76 crore during the fiscal year 2021-22.

Hindustan Copper is currently implementing its mine expansion plan to achieve ore production of 12.2 million tonnes per year.

At around 9.17 AM, Hindustan Copper was trading at Rs107.30 down by 0.88% from its previous closing of Rs108.25 on the BSE.

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