# Business

Hindustan Copper graded as “Excellent” for FY 2023-24

Hindustan Copper Limited (HCL) has achieved “Excellent” rating by the department of public enterprises (DPE) for FY 2023-24 in terms of Performance as per MoU parameters.

Statesman News Service | Kolkata | February 7, 2025 1:08 pm

Hindustan Copper graded as “Excellent” for FY 2023-24

Hindustan Copper Limited (HCL) has achieved “Excellent” rating by the department of public enterprises (DPE) for FY 2023-24 in terms of Performance as per MoU parameters.

After posting losses in FY 2019-20, HCL has been consistently making profit before tax of approximately Rs 400 crore in the last three years. The company has been bestowed with this achievement by DPE after a span of 12 years, said a release.

In service to the nation since 1967, HCL has been entrusted with the responsibility of efficient utilization of the country’s copper resources on a sustainable basis. The company is already implementing a mine expansion plan to offer a more reliable supply of copper for the diverse requirements in India.

# Bengal

Team from commerce & industries department inspect closed factories in Asansol

A high-level delegation of state commerce and industries department inspected the present conditions of the closed factories in Asansol on Friday.

# Business

Gold production from Indian mines surges by 86 pc in Feb, copper output up 29 pc

The production of gold from Indian mines surged by 86 per cent in February this year to 255 kg while that of copper increased by 28.7 per cent to 11,000 tonnes, according to data released by the Ministry of Mines on Thursday.

# Business

Calcutta HC orders execution of arbitration award against Hindustan Copper

As per the order, the bench of Justice Sugato Majumdar maintained that in view of the earlier orders passed by the Supreme Court in the same matter, the High Court does not have any scope for rehearing the enforceability issue of the arbitration award.