Hindustan Copper’s financial health is critical

The financial condition of Hindustan Copper is in dire straits primarily due to the dismal performance of the PSU during 2019-20.

The Chairman and Managing Director of the PSU, in an article published in the house journal of Hindustan Copper, encouraged company employees to focus on making up for the production shortfall in 2020-21 for the survival of the PSU as PSU is going through tuff time.

The company produced around four million tonnes of copper ore during the last fiscal, he said.
The PSU had reported a loss of Rs 95. 61 crore for the third quarter of 2019-20, from continuing and discontinued operations.

The PSU had reported a loss of Rs 95. 61 crore for the third quarter of 2019-20, from continuing and discontinued operations.

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