Narendra Singh Tomar, the union minister of steel, mines, labour & employment today received on behalf of Government of India the dividend of Rs 832.2 million from K D Diwan, CMD, Hindustan Copper, in the presence of the secretary ministry of mines, Anup K. Pujari, R. Sridharan, additional secretary (mines) and other senior officials of the ministry.

The shareholders of Hindustan Copper (HCL) in the 47th Annual General Meeting held on Sept. 19, 2014 have declared dividend at the rate of 20% on equity i.e. Re 1 a share of Rs 5 face value for the year 2013-14. Govt. of India holding in the company is 89.95% of the total paid up equity.

In the financial year 2013-14, Hindustan Copper has achieved profit before tax of Rs 4.30 billion which is 6.7% higher compared to the previous year. During the year 2013-14, production of copper ore of the Company was best in last 15 years and sales was 18% higher than the previous year. HCL is paying dividend continuously to the Govt. of India since 2010-11.

Shares of the company gained Rs 0.05, or 0.07%, to trade at Rs 75.50. The total volume of shares traded was 17,649 at the BSE (11.55 a.m., Friday).