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Hindustan Copper Ltd Paid Rs 74.20 Cr Dividend Govt for FY 2021-22

October 27, 2022
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Hindustan Copper Ltd

Hindustan Copper Ltd Pays Rs. 74.20 Cr Dividend Govt

Hindustan Copper Ltd., a Miniratna Category-I PSU (Schedule A) under the Ministry of Mines, has paid the Indian government a dividend of Rs. 74.20 crores, or 30.01% of PAT, in accordance with DIPAM regulations. This is the same as 23.20 percent of the equity share capital.

The dividend was previously agreed by the Company’s shareholders at the 55th Annual General Meeting, which took place in September of this year. All stockholders will get a total dividend payment of Rs. 112.17 billion. The company has never issued a dividend with a higher payout per share.

Hindustan Copper Ltd

The company recorded its highest-ever net turnover in FY 2021–2022 of Rs. 1812 crore and a profit before tax of Rs. 381.76 crore. The Company is now putting its mine development strategy into practise in order to produce 12.2 million tonnes of ore annually.