Hindustan Zinc is currently trading at Rs. 216.95, up by 3.60 points or 1.69% from its previous closing of Rs. 213.35 on the BSE.
The scrip opened at Rs. 216.95 and has touched a high and low of Rs. 218.00 and Rs. 213.50 respectively.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 258.80 on 11-Aug-2020 and a 52 week low of Rs. 122.00 on 13-Mar-2020.
Last one week high and low of the scrip stood at Rs. 218.00 and Rs. 197.55 respectively. The current market cap of the company is Rs. 90147.18 crore.
The promoters holding in the company stood at 64.92%, while Institutions and Non-Institutions held 33.21% and 1.87% respectively.
Hindustan Zinc has signed a Memorandum of Understanding (MoU) with Gujarat government to set up 300 KTPA (kilo tonnes per annum) greenfield zinc smelter at Doswada, GIDC (Gujarat Industrial Development Corporation). The project will entail an investment of up to Rs 10,000 crore. Spread over 415 acres, the facility will entail an investment of Rs 5000- 10,000 crore in phases, creating more than 5,000 direct and indirect jobs and will be operational by 2022. The new facility - the first for Hindustan Zinc in Gujarat - will be set up with zero discharge technology and will be among the lowest-cost smelters in the world.
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.
