Hindustan Copper & Chhattisgarh Mineral Forms JV Company
2018-05-23 Alliance and Joint Ventures Metallurgical Industries Western India
Chhattisgarh Copper Limited has been incorporated on 21.5.2018 as a Joint Venture Company between Hindustan Copper Limited and Chhattisgarh Mineral Development Corporation Limited (CMDe) for exploration, mining and beneficiation of copper and its associated minerals in the state of Chhattisgarh. The registered office of the JV Company is located in Bhilai, Chhattisgarh. Chhattisgarh Copper Limited has become the subsidiary of Hindustan Copper and the shareholding pattern between Hindustan Copper and CMDCis in the ratio of 74%and 26%. The number of Directors nominated by Hindustan Copper and CMDCis in the ratio of 3:2. With this milestone, Hindustan Copper has extended footprint of its operation in the sixth State and will commence its operations very soon there.