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Hindustan Copper marks highest ever turnout, pays Govt Rs 74.20 Cr in dividend
Hindustan Copper marks highest ever turnout, pays Govt Rs 74.20 Cr in dividend
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By Elets News Network 27-October-2022
Ministry of Mines-run Hindustan Copper Ltd on Wednesday paid a dividend of Rs 74.20 crore to the Government of India for fiscal year 2021-22.
It was 30.01 per cent of Profit After Tax (PAT) in compliance with DIPAM guidelines. This is equivalent to 23.20 per cent of equity share capital.
Earlier, the dividend was approved by the shareholders of the Company at the 55th Annual General Meeting held in September this year. Total dividend pay-out to all shareholders is Rs 112.17 crore.
The dividend per share is the highest ever declared by the Company.
During FY 2021-22, Hindustan Copper achieved the highest ever net turnover of Rs 1,812 crore and Profit Before Tax of Rs 381.76 crore.
The company is currently implementing its mine expansion plan to achieve 12.2 million tonnes per annum ore production.
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