Latest news with #HCL
Business Standard
a day ago
- Business
- Business Standard
Stock Alert: Hindustan Copper, CG Power, BEL, Can Fin Homes
Stock to Watch: Hindustan Copper (HCL) has executed an MoU with Coal India (CIL) to jointly identify and evaluate opportunities in copper and critical minerals sectors, and to explore participation in partnerships with renowned global companies in these sectors. CG Power & Industrial Solutions board approved qualified institutional placement (QIP) with a floor price of Rs 679.08 per equity share, representing a 0.93% premium to the previous closing price. Bharat Electronics (BEL) has secured additional orders worth Rs 528 crore. The order received include radars, communication equipment, EVMs, jammers, shelters, control centre, spares, services etc. Can Fin Homes board approved the appointment of Abhishek Mishra as the chief financial officer (CFO) for a period of 3 years from 30 June 2025. Prashanth Joishy has stepped down from the position of Interim chief financial officer (CFO) with effective from 30 June 2025. He will continue to be on the rolls of the company as deputy general manager. United Breweries has launched its iconic premium beer, Amstel Grande, in Karnataka.
Business Standard
2 days ago
- Business
- Business Standard
Hindustan Copper inks MoU with Coal India to explore copper & critical minerals sectors
Hindustan Copper (HCL) said that it has executed a memorandum of understanding (MoU) with Coal India (CIL) to jointly participate in copper and critical minerals sectors. Shares of Hindustan Copper declined 0.61% to Rs 277.65, while Coal India shares slipped 0.65% to Rs 391.70 on the BSE. Hindustan Copper, in an exchange filing on Monday, 30 June, said the MoU is to jointly identify and evaluate opportunities in copper and critical minerals sectors, and to explore participation in partnerships with renowned global companies in these sectors. This MoU does not constitute a legally binding relationship between the parties as per the conditions set-out in the MoU, it added. Hindustan Construction Company is the flagship company of Hindustan Construction Company Group (HCC Group) and is involved in engineering and construction of infrastructure projects such as dams, tunnels, bridges, hydro, nuclear and thermal power plants, expressways and roads, marine works, water supply, irrigation systems and industrial buildings across the country. Coal India is a coal mining company engaged in the production and sale of coal. As of 31 March 2025, the Government of India held a 63.13% stake in the company.
Business Standard
2 days ago
- Business
- Business Standard
Stock Alert: Hindustan Copper, CG Power, BHEL, Can Fin Homes
Stock to Watch: Hindustan Copper (HCL) has executed an MoU with Coal India (CIL) to jointly identify and evaluate opportunities in copper and critical minerals sectors, and to explore participation in partnerships with renowned global companies in these sectors. CG Power & Industrial Solutions board approved qualified institutional placement (QIP) with a floor price of Rs 679.08 per equity share, representing a 0.93% premium to the previous closing price. Bharat Electronics (BEL) has secured additional orders worth Rs 528 crore. The order received include radars, communication equipment, EVMs, jammers, shelters, control centre, spares, services etc. Can Fin Homes board approved the appointment of Abhishek Mishra as the chief financial officer (CFO) for a period of 3 years from 30 June 2025. Prashanth Joishy has stepped down from the position of Interim chief financial officer (CFO) with effective from 30 June 2025. He will continue to be on the rolls of the company as deputy general manager. United Breweries has launched its iconic premium beer, Amstel Grande, in Karnataka.
Time of India
2 days ago
- Business
- Time of India
Hindustan Copper, Coal India sign MoU for critical minerals
State-run Hindustan Copper Ltd on Monday executed an Memorandum of Understanding with Coal India Limited to jointly evaluate opportunities in copper and critical minerals sectors. "Hindustan Copper Ltd (HCL) has executed an MoU with Coal India Limited (CIL) on 30.06.2025. The primary focus is to jointly identify and evaluate opportunities in copper and critical minerals sectors, and to explore participation in partnerships with renowned global companies in these sectors. This MoU does not constitute a legally binding relationship between the parties as per the conditions set-out in the MoU," said Hindustan Copper in a stock exchange filing. Hindustan Copper, is engaged in copper ore mining and holds all the operating mining leases for copper ore in the country. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Moose Approaches Girl At Bus Stop And Nudges Her To Follow - Watch What Happens Happy in Shape Undo The profit before tax of HCL has surged by 54 per cent to Rs 633.51 crore in FY 2024-25 from Rs 410.43 crore in FY 2023-24. State-owned Hindustan Copper Ltd has recorded its highest-ever revenue from operation at Rs 2,070.97 crore in FY 2024-25, reflecting a robust year-on-year increase of 21 per cent from Rs 1,717.00 crore in FY 2023-24. Live Events The company is currently focussed on the exploration, mining, and beneficiation of copper ore to produce and sell copper concentrate, which gives it better profitability in this dynamic market. HCL operates copper mines at Malanjkhand (Madhya Pradesh), Khetri (Rajasthan) and Ghatsila (Jharkhand). Critical minerals amid economic uncertainties Investment decisions in the global critical mineral sector face significant market and economic uncertainties, despite strong expectations for future demand growth, according to the International Energy Agency (IEA). In its Global Critical Minerals Outlook 2025, the IEA added that investment momentum in critical minerals development weakened in 2024, rising just 5 per cent compared to 14 per cent in 2023. Adjusted for cost inflation, real investment growth stood at only 2 per cent, reflecting growing economic and market uncertainties despite strong long-term demand expectations. According to IEA, exploration activity plateaued after consistent growth since 2020. While spending rose for lithium, uranium, and copper, it declined sharply for nickel, cobalt, and zinc. The funding in startups also slowed, the IEA report added. The low mineral prices failed to trigger new investments and affected projects led by new market entrants.
Business Upturn
2 days ago
- Business
- Business Upturn
Hindustan Copper and Coal India sign MoU to explore joint opportunities in copper and critical minerals sectors
By Aditya Bhagchandani Published on June 30, 2025, 21:21 IST Hindustan Copper Limited (HCL) has announced the signing of a Memorandum of Understanding (MoU) with Coal India Limited (CIL) on June 30, 2025. The agreement aims to jointly identify and evaluate business opportunities in the copper and critical minerals sectors. In its regulatory filing, HCL stated that the two state-owned enterprises will also explore potential partnerships with renowned global companies operating in these segments. The company clarified that the MoU does not establish a legally binding relationship between the parties and is purely exploratory at this stage. This development reflects a growing focus by Indian public sector enterprises on securing critical mineral resources essential for energy transition and industrial growth. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
