MoneyWorks4Me

Hindustan Zinc inches up on planning to complete first pilot floating solar in next 2-3 months

19 Jun 2019 Evaluate

Hindustan Zinc is currently trading at Rs. 232.20, up by 0.45 points or 0.19% from its previous closing of Rs. 231.75 on the BSE.

The scrip opened at Rs. 234.55 and has touched a high and low of Rs. 235.15 and Rs. 232.10 respectively. So far 9999 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 308.90 on 27-Sep-2018 and a 52 week low of Rs. 230.35 on 18-Jun-2019.

Last one week high and low of the scrip stood at Rs. 241.65 and Rs. 230.35 respectively. The current market cap of the company is Rs. 98154.16 crore.

The promoters holding in the company stood at 64.92%, while Institutions and Non-Institutions held 33.52% and 1.56% respectively.

Hindustan Zinc is planning to complete its first pilot floating solar in next 2-3 months. The floating plant will contribute to saving water evaporation loss, thus resulting in conservation of water, reduce the development of algae, maintaining the cleanliness of the water and will obviously save land space.

The solar plant is expected to have an energy yield of 1,993 MWh a year and will be able to power 1,400 houses a year.

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.

Peers
Company Name CMP
Hindalco Industries 960.50
Vedanta 257.20
Hindustan Zinc 561.00
Jain Resource Recycl 275.10
CMR Green Tech 212.80
View more..