Hindustan Copper to increase borrowing limit to Rs 1,350 crore

Hindustan Cooper on Tuesday said, “Its board has approved to increase the borrowing limits of the company from the consortium and other banks from Rs 850 crore to Rs 1,350 crore.”

In a filing at the stock exchange, Hindustan Copper said, “The board of directors of Hindustan Copper has inter alia considered and approved the increase on borrowing limit of the company from consortium, other banks from existing Rs 850 crore to Rs 1,350 crore by way of cash credit or by working capital arrangements, etc.”