Hindustan Copper pays Rs 83.22-crore dividend to government
Union Minister of Steel, Mines, Labour and Employment Narendra Singh Tomar received the dividend cheque from HCL's Chairman.
By PTI | Updated:
NEW DELHI: Hindustan Copper (HCL) today paid Rs 83.22 crore dividend for the year 2013-14 to the government for its 89.95 per stake in the firm.
Shareholders of the state-run copper maker had last month approved dividend at the rate of 20 per cent on equity for the year 2013-14 at company's annual general meeting, an official statement said.
Union Minister of Steel, Mines, Labour and Employment Narendra Singh Tomar received the dividend cheque from HCL's Chairman and Managing Director K D Diwan.
During 2013-14, HCL had achieved Rs 430.65 crore Profit Before Tax, higher by 6.7 per cent compared to the previous year.
It produced its 15-year best copper ore in last fiscal. Sales were higher by 18 per cent. HCL has been paying dividend continuously since 2010-11.
Shareholders of the state-run copper maker had last month approved dividend at the rate of 20 per cent on equity for the year 2013-14 at company's annual general meeting, an official statement said.
Union Minister of Steel, Mines, Labour and Employment Narendra Singh Tomar received the dividend cheque from HCL's Chairman and Managing Director K D Diwan.
During 2013-14, HCL had achieved Rs 430.65 crore Profit Before Tax, higher by 6.7 per cent compared to the previous year.
It produced its 15-year best copper ore in last fiscal. Sales were higher by 18 per cent. HCL has been paying dividend continuously since 2010-11.
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