Hindustan Copper may exceed capex target of Rs 350 cr this financial year

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State-owned Hindustan Copper Ltd on Friday said it is likely to exceed its capex target of Rs 350 crore for the ongoing fiscal year.

"Although this year's capex target is Rs 350 crore, it is expected that the company may exceed the target like last year," the company said in a filing to the BSE.

The domestic copper demand in the country will grow in line with the growth of sectors such as renewable, transportation and construction sectors.

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Category: BusinessFinance

Markets: India

Topics: Copper Ore Mining Ministry of Mines Hindustan Copper Ltd Rakha mine Capital expenditure Hindustan Copper Hindustan Motors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-12 @ 15:54:05 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 316 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21583479

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