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Hindustan Zinc shines on achieving highest ever mined metal production during Q3FY17

18 Jan 2017 Evaluate

Hindustan Zinc is currently trading at Rs. 293.50, up by 9.10 points or 3.20% from its previous closing of Rs. 284.40 on the BSE.

The scrip opened at Rs. 290.20 and has touched a high and low of Rs. 296.30 and Rs. 290.20 respectively. So far 178606 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 296.30 on 18-Jan-2017 and a 52 week low of Rs. 135.80 on 20-Jan-2016.

Last one week high and low of the scrip stood at Rs. 296.30 and Rs. 271.80 respectively. The current market cap of the company is Rs. 124139.87 crore.

The promoters holding in the company stood at 64.92%, while institutions and non-institutions held 4.28% and 30.80% respectively.

Hindustan Zinc has achieved the highest ever mined metal production during the third quarter ended December 31, 2016, up 44% from previous quarter and 21% y-o-y. The sequential increase was on account of higher volumes from Rampura Agucha open cast mine in accordance with mine plan and the y-o-y increase was driven by higher volumes from Rampura Agucha underground and open cast mines. In line with the plan of substantially higher mined metal production in H2, mined metal production during the nine month period was lower by 15% y-o-y and will be higher than FY 2016 for full year with Q4 being higher than Q3. During the nine month period, underground mines ramped by significantly to achieve a substantial 60% y-o-y increase in ore production and 55% y-o-y increase in mined metal production.

The production of integrated zinc metal during the quarter was at 205kt, up 38% from previous quarter, and flat y-o-y on account of accretion of mined metal inventory. Integrated saleable lead metal production during the quarter was 39kt, up 26% sequentially and 10% y-o-y. The y-o-y increase was in line with mined metal production, while the sequential increase was accentuated on account of enhanced smelter efficiencies. Integrated saleable silver production during the quarter increased by 10% to 118 MT from previous quarter and 2% y-o-y.

In line with the company’s on-going expansion to reach 1.2 mtpa mined metal production capacity, environmental clearances were received for Sindesar Khurd expansion of ore production capacity from 3.75 mtpa to 4.5 mtpa and for Zawar mine to 4 mtpa.

Hindustan Zinc, the world’s second biggest zinc producer, operates the world’s third largest open-pit mine, and world’s largest Zinc Mine in Rampura Agucha, Rajasthan. It has other mines in Sindesar Khurd, Rajpura Dariba, Kayar and Zawar, all in Rajasthan. Cairn India’s Mangala field in Rajasthan is the largest onshore oil discovery in India in more than 20 years.

Hindustan Zinc Share Price

592.35 -0.10 (-0.02%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1038.95
Vedanta 787.60
Hindustan Zinc 592.35
Jain Resource Recycl 420.90
Gravita India 1639.80
View more..

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