Hindustan Copper Ltd. (HCL), a public sector unit of the Ministry of Mines achieved Rs.304.78 crore turnover during the quarter ending December, 2005 against the target of Rs.193.54 crore. The net profit earned during the quarter was Rs.27.39 crore as against the target of Rs.2.48 crore. Total net profit earned by the company during the period April to December 2005 was Rs.78.22 crore as against the target of Rs. 4.75 crore.
The wire rod production was at 98 per cent of the target during the quarter. The company improved the production further through procurement of cathode from market as well as resorting to tolling activity. It boosted up its mining and production activities to achieve MoU targets during the financial year 2005-06
DS/AS/100406-HCL-NetUp
(Release ID :17081)