Hindustan Copper (HCL) has signed a joint venture (JV) agreement with Chhattisgarh Mineral Development (CMDC) and PSE of State Government of Chhattisgarh to conduct mining operations in the Indian state.
HCL is a Miniratna Category-I company under the administrative control of the Ministry of Mines, Government of India.
Go deeper with GlobalData
The newly formed JV company will carry out exploration and mining of copper ore in Chhattisgarh state.
HCL will have a 74% equity stake in the new company and the remaining 26% would be held by CMDC.
HCL is involved in exploration and production of copper ore, as well as refining, smelting, production of copper cathode and saleable products.
See Also:
The collaboration will help boost copper exploration results in the state. It will also bolster India's raw material security.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataImage: Hindustan Copper chairman Diwan and CMDC managing director Reena Kangale exchanging the documents after signing the agreement. Photo: courtesy of Hindustan Copper Ltd.
