Hindustan Copper pays Rs 74 cr dividend to Centre for FY22

New Delhi: State-owned Hindustan Copper has paid a dividend of Rs 74.20 crore to the Centre for FY22. "Hindustan Copper… has paid today a dividend of Rs 74.20 crore to the Government of India for FY 2021-22 being 30.01 percent of Profit After Tax (PAT) in compliance with DIPAM guidelines," the mines ministry said in a statement.

Hindustan Copper total dividend payout to all shareholders was Rs 112.17 cr

Total dividend pay-out to all shareholders was Rs 112.17 crore. The dividend per share was the highest-ever declared by the company. During FY22, the company achieved the highest-ever net turnover of Rs 1,812 crore and Profit Before Tax of Rs 381.76 crore.

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The company is currently implementing its mine expansion plan to achieve 12.2 million tonnes per annum ore production. Hindustan Copper, a public sector undertaking, is under the administrative control of the Mines Ministry.

It is the country's only vertically-integrated copper-producing company as it manufactures copper right from the stage of mining to beneficiation, smelting, refining and casting of refined copper metal into downstream saleable products.

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