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Board of Hindustan Copper approves formation of JV Co. with CMDC

Hindustan Copper announced that the Board of Directors of the Company at its meeting held on 08 April 2015 has approved the proposal for formation of a Joint Venture Company (JVC) with Chhattisgarh Mineral Development Corporation (CMDC), a Government of Chhattisgarh Enterprise, with investment of Rs.10 crore in the equity capital of JVC to explore and develop new copper mines in the State of Chhattisgarh. The Board also authorized CMD, HCL to take all requisite actions for formation of JVC with CMDC.

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