Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Indian copper producer Hindustan Copper (HCL) has raised Rs5bn ($66.88mn) to increase ore production from 3.97mn mt to 12.2mn mt per annum.


HCL raised capital through a qualified institutions placement (QIP) of shares that closed on Apr 12, the company noted in a statement on Thursday. The copper producer plans to fund its ongoing capex and expansion plans to increase output. 


HCL is a state-owned vertically integrated entity, with a reported 477pc increase in its Q3 net revenue in FY2020-2021.

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