New Delhi: Hindustan Copper Limited (HCL), a CPSE under Ministry of Mines, Government of India, has declared their annual results for FY 2020-21. The results have reflected a turnaround story. In spite of Covid-19 pandemic, the company has been able to achieve a total income of Rs 1821.61 crore in FY 2020-21 as compared to Rs 888.81 crore in FY 2019-20.

The company also achieved a net profit of Rs 109.98 crore this year as against a loss of Rs 569.21 crore in the FY 2019-20. The company has been able to declare a dividend of a total amount of ₹33.85 crore to be paid in FY 2021-22, as per the guidelines issued by Department of Public Enterprises.

HCL has been able to reduce its debt burden resulting in a debt equity ratio of 2.11 reduced from earlier year’s 4.21. The company has also been continuously supporting the Government initiatives and creating infrastructure required towards mitigation of Covid-19 pandemic nearby its mining units for the local population and for its employees. /BI/