HCL: Hindustan Copper Limited (HCL), a public sector undertaking under the administrative control of the Ministry of Mines, was incorporated on 9th November 1967. It has the distinction of being the nation’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.HCL shares are listed at Mumbai, Delhi, Calcutta, Chennai, Ahmedabad exchanges.On the 31st of July 2015, the government of India announced a 15% stake sale in Hindustan Copper Limited, reducing its stake from 89.5% to 74.5%.
|HCL Fullform||Hindustan Copper Ltd|
|Founded||09 November 1967|
|Address||1, Ashutosh Chowdhury Avenue,|
Kolkata – 700019
|Contact||+91 (0) 33 2283 2226/2529/2952/2871/2032|
The Company markets copper cathodes, copper wire bar, continuous cast copper rod and by-products, such as anode slime (containing gold, silver, etc.), copper sulfate and sulphuric acid. More than 90% of the sales revenue is from cathode and continuous cast copper rods. In concluded the financial year 2006-07, as per provisional estimates, the Company has earned an all-time highest net profit of Rs 331 crore (~USD 75 million ) against a sales turnover of Rs 1800 crore (~ USD 420 million). HCL’s mines and plants are spread across four operating Units, one each in the States of Rajasthan, Madhya Pradesh, Jharkhand and Maharashtra as named below:
- Khetri Copper Complex (KCC) at Khetrinagar, Rajasthan
- Indian Copper Complex (ICC) at Ghatsila, Jharkhand
- Malanjkhand Copper Project (MCP) at Malanjkhand, Madhya Pradesh
- Taloja Copper Project (TCP) at Taloja, Maharashtra
Hindustan Copper Ltd. (HCL) was incorporated on 9 November 1967 to take over the plants and mines at Khetri, Kolihan in Rajasthan and Rakha Copper Project in Jharkhand from National Mineral Development Corporation. The central office is located at Kolkata which is the capital of the West Bengal state in India.
In 1972 Indian Copper Corporation Limited, Private Sector Company, located at Ghatsila, Jharkhand with Smelter and Refinery was Nationalized and made part of HCL. Hindustan Copper Limited developed Malanjkhand Copper Project in Madhya Pradesh, the largest hard rock Open pit mine in the country which was dedicated to the nation on 12 November 1982. Further, in 1990, a Continuous Cast Wire Rod plant of South Wire Technology was commissioned at Taloja in Maharashtra.
Vision: To strive to be a leading metal mining company and maximize total shareholder return by sustainably finding, developing, and mining copper ore and such other geologically associated minerals.
Mission: The Missions of HCL are:
- To achieve sustainable growth in business through the optimum & efficient use of existing resources and assets.
- To achieve rapid expansion of mining capacity through expansion of existing mines, re-opening of closed mines and green field projects.
- Detailed exploration of existing mines and new mining leases to expand mining capacity.
- To enhance the value of the Company by focusing on performance improvement.
- To assimilate state-of-the-art technology in exploration, mining, and beneficiation of ores for competitive advantage.
- To strive for continuous improvement in productivity and energy to bring at par with the best internationally.
- To continue innovation through research & development.
TECHNOLOGICAL INNOVATION: Hindustan Copper Limited has to its credit some major contributions towards technological improvements in mining, beneficiation, smelting, hydrometallurgy and by-product recovery. Some of the areas where Hindustan Copper Limited has introduced new technology are
- MINING: Trackless mining has helped in the rapid development of mines enabling higher levels of production and productivity comparable to international standards.
- DROP RAISING: Raising is one of the most difficult of the mining operation, HCL has developed and perfected the concept of drop raising over 60m intervals. This has resulted in increased safety and higher progress. A pattern of five 6” diameter holes has been standardized for the crater method of blasting the raises sequentially.
Services: HCL also produces gold, silver, nickel sulfate, selenium, tellurium, and fertilizer as by-products. It is the first Indian Copper Producer to be accredited with ISO 9002 certification for Continuous Cast Rod Manufacturer at its Taloja Plant and for manufacture of cathode at its refineries both at Indian Copper Complex, Ghatsila, Jharkhand and Khetri Copper Complex, Khetri, Rajasthan
Hindustan Copper Limited is engaged in mining and smelting of copper, having its production facilities and offices at various locations across the country. On 29 June 2012, CMD of the company said that construction of a smelting refinery at Visakhapatnam with an annual capacity of 600,000 ton at a cost of 20 billion is under consideration.
Main Units of HCL:
Khetri Copper Complex (KCC): It is Located in the state of Rajasthan, 180 km (110 miles) from Delhi
- Capacity – 31,000 t.p.a. the copper cathode(the smelter and acid plant at KCC are under shutdown since late 2008 due to the slump in global commodity prices witnessed in 2008 and old machinery.Currently, only Concentrator for the production of copper concentrate is working in addition to associated mines.)
- By-products- sulphuric acid
- Mines – Khetri and Kolihan (producing 9,500 mt metal in concentrate /annum)
Indian Copper Complex (ICC): It is Located in the state of Jharkhand
- Capacity 16,500 t.p.a. copper cathode
- By-products Sulfuric acid, gold, silver, palladium, selenium, tellurium, nickel sulfate
- Mines – Surda
Malanjkhand Copper Project (MCP): It is Located in Madhya Pradesh 200 km (120 mi) from Jabalpur, 300 km (190 mi) from Raipur
- Capacity open cast mine with a capacity of 2 million tons with matching concentrator
- Mines – Malanjkhand Open-pit mining
- Reserve 208.030 million tons @1.3% Cu
Taloja Copper Project (TCP): It is Located in the state of Maharashtra, district-Raigad, 60 km (37 mi) from Mumbai
- Capacity 60,000 t.p.a. continuous cast copper rod (CCR) – hindcop rods
- Technology plant is based on the latest ‘south wire technology’
- Product range 8 mm, 11 mm, 12.5 mm, 16 mm and 19 mm cc rod
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