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.

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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.