HINDUSTAN COPPER LTD.

HINDUSTAN COPPER LTD. - Updates

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16 Feb 2015
Hindustan Copper Ltd has informed BSE that in response to public notice issued on November 17, 2014, Hindustan Copper<BR>Limited (HCL), participated in an auction conducted on January 06, 2015 for purchase of moveable and immoveable secured assets of Jhagadia Copper Limited (JCL) (in liquidation), located at Bharuch, Gujarat and in possession of Asset Reconstruction Company (India) Ltd (ARSIL) and emerged as the highest bidder. However, as per the Orders of the Court, the finalization of sale proceeds would be subject to sale confirmed by the High Court of Gujarat.<BR><BR>Further, as per oral Order issued on January 27, 2015, the Hon'ble High Court of Gujarat has confirmed the sale of secured assets of JCL (in liquidation) in favour of HCL. The JCL Plant has the capacity to produce 50,000 MT of copper cathode.
View all announcements for HINDUSTAN COPPER LTD.	Source: BSE India

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