Wednesday 16th October 2019

Hindustan Copper Limited Pays Dividend for FY 2018-19 – highest in last five years

Sep 10th, 2019 3:42 pm | By | Category: LATEST NEWS

Santosh Sharma CMD, HCL

Santosh Sharma
CMD, HCL


(THE NEWSMAN OF INDIA.COM)
New Delhi, 10 September 2019; Pralhad Joshi, Minister of Mines, today received on behalf of Government of India, the dividend of Rs 36.59 crore on a share holding of 76.05%, from Santosh Sharma, CMD, Hindustan Copper Limited, in the presence of Anil Mukim, Secretary (Mines) and other senior officials of the Ministry and Hindustan Copper. Limited.

The total payout by Hindustan Copper Limited on account of dividend related to the FY 2018-19 is Rs.58.00 crore consisting of Dividend Rs. 48.11 crore and Dividend tax Rs. 9.89 crore. This is the highest dividend paid by the company in the past five years. The total payout to Govt of India is thus Rs. 46.48 crore consisting of Dividend Rs. 36.59 crore and Dividend tax Rs. 9.89 crore. It may be recalled that during FY 2018-19, the Company had recorded an ore production of 41.22 lakh tonnes which was the highest ever in last 21 years.

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