Hindustan Copper board to contemplate proposal to boost ₹500 crore by way of debentures subsequent week

State-owned Hindustan Copper Ltd.’s board will meet subsequent week to contemplate a proposal to boost as much as ₹500 crore by issuing debentures.

“A gathering of the board of administrators of Hindustan Copper Ltd (HCL) can be held on thirtieth June 2022 to inter alia, contemplate and suggest resolutions searching for approval of the shareholders of the corporate to authorise the board of administrators… to supply, difficulty and allot secured or unsecured non-convertible debentures or bonds on a personal placement foundation as much as ₹500 crore,” the PSU mentioned in a BSE submitting.

The board can even contemplate elevating funds by way of a professional institutional placement methodology, it added.

HCL is a public sector enterprise underneath the executive management of the Ministry of Mines.

It has the excellence of being the nation’s solely vertically built-in copper producing firm because it manufactures copper proper from the stage of mining to beneficiation, smelting, refining and casting of refined copper steel into downstream saleable merchandise.

By- The Hindu

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