State-run Hindustan Copper (HCL) said its board has recommended increasing the borrowing limit to ₹1,500 crore from the existing ₹800 crore.
“The board of directors of Hindustan Copper Ltd., in its meeting held on May 25 has... recommended enhancement of the borrowing limit from existing ₹800 crore to ₹1,500 crore together with interest other than the temporary loans obtained by way of cash credit/working capital arrangements etc. and creation of security/charge for approval of shareholders of the company and other related banking contracts,” HCL said in a filing to BSE. The firm markets copper cathodes, wire bar, continuous cast copper rod and by-products.
