New Delhi: For the FY 2020-21 Hindustan Copper Limited (HCL) a CPSE under the Ministry of Mines Union Government of India declared their annual reports.
In a time of the 2nd wave of amid pandemic, the company succeeds in achieving total income Rs.1821.61 crore in the FY 2020-21 as compared to Rs.888.1 crore in FY 2019-20. The company also achieved a net profit of Rs.109.98 crore in the current year.
The company has been able to declare a dividend of a total amount of ₹33.85 crores to be paid in FY 2021-22, as per the guidelines issued by the Department of Public Enterprises. HCL has been able to reduce its debt burden resulting in a debt-equity ratio of 2.11 reduced from earlier year’s 4.21
The company has also been continuously supporting the Government initiatives and creating the infrastructure required towards mitigation of Covid-19 pandemic nearby its mining units for the local population and for its employee